ADJECTIVE (1)

1. close at hand;
- Example: "the nearby towns"
- Example: "concentrated his study on the nearby planet Venus"


ADVERB (1)

1. not far away in relative terms;
- Example: "she works nearby"
- Example: "the planets orbiting nearby are Venus and Mars"

The Collaborative International Dictionary of English v.0.48:

nearby \nearby\ a. & adv.
   situated near; as, the nearby towns. Opposite of far away.
   [WordNet 1.5]

WordNet (r) 3.0 (2006):

nearby
    adv 1: not far away in relative terms; "she works nearby"; "the
           planets orbiting nearby are Venus and Mars"
    adj 1: close at hand; "the nearby towns"; "concentrated his
           study on the nearby planet Venus"