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From The Collaborative International Dictionary of English v.0.48:
Vantage \Van"tage\ (v[.a]n"t[asl]j; 48), n. [Aphetic form of OE. avantage, fr. F. avantage. See Advantage.] 1. Superior or more favorable situation or opportunity; gain; profit; advantage. [R.] [1913 Webster] O happy vantage of a kneeling knee! --Shak. [1913 Webster] 2. A position offering a superior view of a scene or situation; -- used literally and figuratively; as, from the vantage of hindsight; also called vantage point. [PJC] 3. (Tennis) The first point scored after deuce; advantage. [Brit.] [1913 Webster] Note: When the server wins this point, it is called vantage in; when the receiver, or striker out, wins, it is called vantage out. [1913 Webster] To have at vantage, to have the advantage of; to be in a more favorable condition than. "He had them at vantage, being tired and harassed with a long march." --Bacon. Vantage ground, superiority of state or place; the place or condition which gives one an advantage over another. "The vantage ground of truth." --Bacon. [1913 Webster] It is these things that give him his actual standing, and it is from this vantage ground that he looks around him. --I. Taylor. [1913 Webster]