The Collaborative International Dictionary of English v.0.48:
Out \Out\ (out), n.
1. One who, or that which, is out; especially, one who is out
of office; -- generally in the plural.
2. A place or space outside of something; a nook or corner;
an angle projecting outward; an open space; -- chiefly
used in the phrase ins and outs; as, the ins and outs of a
question. See under In.
3. (Print.) A word or words omitted by the compositor in
setting up copy; an omission.
To make an out (Print.),
(a) to omit something, in setting or correcting type,
which was in the copy.
(b) (Baseball) to be put out in one's turn at bat, such as
to strike out, to ground out, or to fly out.
WordNet (r) 3.0 (2006):
v 1: make an out by hitting the ball on the ground