(pal′it) noun
1. Mech. A click or pawl used to convert a reciprocating into a rotary motion, or the reverse, as in a feed motion; also, the lip or point of a pawl.
2. A paddle for mixing and shaping clay for crucibles, etc.
3. A tool used in gilding the backs of books or for taking up gold leaf.
4. A movable platform for the storage or transportation of goods.
5. A painter's palette. ♦ Homophones: palate, palet, palette, pallette. [<F palette. See PALETTE.]

(pal′it) noun
1. A small, mean bed or mattress, usually of straw.
2. A blanket laid on the floor for a bed. ♦ Homophones: palate, palet, palette, pallette. [<OF paillet <paille straw <L palea chaff]