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The Collaborative International Dictionary of English v.0.48:

Knight \Knight\, v. t. [imp. & p. p. Knighted; p. pr. & vb. n. Knighting.] To dub or create (one) a knight; -- done in England by the sovereign only, who taps the kneeling candidate with a sword, saying: Rise, Sir ---. [1913 Webster] A soldier, by the honor-giving hand Of C[oe]ur-de-Lion knighted in the field. --Shak. [1913 Webster]