Palace (noun)

1. A large and impressive residence, especially one lived in by a sovereign, member of a royal family, bishop, or other high-ranking dignitary.
2. A large, impressive building used for public events or for administration, especially one in the capital of a country.
3. An area of the Vatican City, in Rome, in which the Pope's official residence is located.

Origin:

Late 16th century: from french palais, from italian palazzo, from late latin palatium, from latin palatium 'palace, imperial residence', from palatium, one of the seven hills of rome.

Examples:

1. The palace was once the residence of the royal family.
2. She visited the palace for a meeting with the king.
3. The palace houses the country's national art collection.
4. The palace is located in the heart of the city.
5. The palace was damaged in the war but has since been restored.