n. & v.
n. 1 a small cut or notch. 2 Brit. sl. a a prison. b a police station. 3 (prec. by in with adj.) Brit. colloq. condition (in reasonable nick). 4 the junction between the floor and walls in a squash court.
v.tr. 1 make a nick or nicks in. 2 Brit. sl. a steal. b arrest, catch. in the nick of time only just in time; just at the right moment.
[ ME: orig. uncert. ]