In the nick of time

What is In the nick of time?

In the nick of time definition and meaning on Dictionary terms:
a small notch, groove, chip, or the like, cut into or existing in something.
a hollow place produced in an edge or surface, as of a dish, by breaking, chipping, or the like: I didn’t notice those tiny nicks in the vase when I bought it.

a small dent or wound.
a small groove on one side of the shank of a printing type, serving as a guide in setting or to distinguish different types.
Biochemistry. a break in one strand of a double-stranded DNA or RNA molecule.
British Slang. prison.

verb (used with object)
to cut into or through: I nicked my chin while shaving.
to hit or injure slightly.
to make a nick or nicks in (something); notch, groove, or chip.
to record by means of a notch or notches.

to incise certain tendons at the root of (a horse’s tail) to give it a higher carrying position; make an incision under the tail of (a horse).
to hit, guess, catch, etc., exactly.
Slang. to trick, cheat, or defraud: How much did they nick you for that suit?
British Slang. to arrest (a criminal or suspect). to capture; nab. to steal: Someone nicked her pocketbook on the bus.