Shows or displays something publicly; or a collection of displayed items or artworks shown in a museum or gallery.
From Latin 'exhibere' (to hold out, present), combining 'ex-' (out) and 'habere' (to have). The word entered Middle English through French.
When museums 'exhibit' artifacts, they're literally holding them out for view—the same root gave us 'habit' and 'habeas,' all from the idea of holding or having.
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