Source : Webster's Revised Unabridged Dictionary (1913)

Ship \Ship\, n. [AS. scipe.]
   Pay; reward. [Obs.]

         In withholding or abridging of the ship or the hire or
         the wages of servants.                   --Chaucer.

Ship \Ship\, n. [OE. ship, schip, AS. scip; akin to OFries.
   skip, OS. scip, D. schip, G. schiff, OHG. scif, Dan. skib,
   Sw. skeep, Icel. & Goth. skip; of unknown origin. Cf.
   {Equip}, {Skiff}, {Skipper}.]
   1. Any large seagoing vessel.

            Like a stately ship . . . With all her bravery on,
            and tackle trim, Sails filled, and streamers waving.
                                                  --Milton.

            Thou, too, sail on, O Ship of State!  --Longfellow.

   2. Specifically, a vessel furnished with a bowsprit and three
      masts (a mainmast, a foremast, and a mizzenmast), each of
      which is composed of a lower mast, a topmast, and a
      topgallant mast, and square-rigged on all masts. See
      Illustation in Appendix.

Ship \Ship\, v. t. [imp. & p. p. {Shipped}; p. pr. & vb. n.
   {Shipping}.]
   1. To put on board of a ship, or vessel of any kind, for
      transportation; to send by water.

            The timber was . . . shipped in the bay of Attalia,
            from whence it was by sea transported to Pelusium.
                                                  --Knolles.

   2. By extension, in commercial usage, to commit to any
      conveyance for transportation to a distance; as, to ship
      freight by railroad.

   3. Hence, to send away; to get rid of. [Colloq.]

   4. To engage or secure for service on board of a ship; as, to
      ship seamen.

   5. To receive on board ship; as, to ship a sea.

   6. To put in its place; as, to ship the tiller or rudder.

Ship \Ship\, v. i.
   1. To engage to serve on board of a vessel; as, to ship on a
      man-of-war.

   2. To embark on a ship. --Wyclif (Acts xxviii. 11)

Source : WordNet®

ship
     n : a vessel that carries passengers or freight
     [also: {shipping}, {shipped}]

ship
     v 1: transport commercially [syn: {transport}, {send}]
     2: hire for work on a ship
     3: go on board [syn: {embark}] [ant: {disembark}]
     4: travel by ship
     5: place on board a ship; "ship the cargo in the hold of the
        vessel"
     [also: {shipping}, {shipped}]