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From The Collaborative International Dictionary of English v.0.48:
Nicety \Ni"ce*ty\, n.; pl. Niceties. [OE. nicet['e] foolishness.] 1. The quality or state of being nice (in any of the senses of that word.). [1913 Webster] The miller smiled of her nicety. --Chaucer. [1913 Webster] 2. Delicacy or exactness of perception; minuteness of observation or of discrimination; precision. [1913 Webster] 3. A delicate expression, act, mode of treatment, distinction, or the like; a minute distinction. [1913 Webster] The fineness and niceties of words. --Locke. [1913 Webster] To a nicety, with great exactness or accuracy. [1913 Webster]