NOUN (1)

1. the finest or most superior quality of its kind;
- Example: "the ultimate in luxury"


ADJECTIVE (2)

1. furthest or highest in degree or order; utmost or extreme;
- Example: "the ultimate achievement"
- Example: "the ultimate question"
- Example: "man's ultimate destiny"
- Example: "the ultimate insult"
- Example: "one's ultimate goal in life"

2. being the last or concluding element of a series;
- Example: "the ultimate sonata of that opus"
- Example: "a distinction between the verb and noun senses of `conflict' is that in the verb the stress is on the ultimate (or last) syllable";

The Collaborative International Dictionary of English v.0.48:

Ultimate \Ul"ti*mate\, a. [LL. ultimatus last, extreme, fr. L.
   ultimare to come to an end, fr. ultimus the farthest, last,
   superl. from the same source as ulterior. See Ulterior, and
   cf. Ultimatum.]
   1. Farthest; most remote in space or time; extreme; last;
      final.
      [1913 Webster]

            My harbor, and my ultimate repose.    --Milton.
      [1913 Webster]

            Many actions apt to procure fame are not conductive
            to this our ultimate happiness.       --Addison.
      [1913 Webster]

   2. Last in a train of progression or consequences; tended
      toward by all that precedes; arrived at, as the last
      result; final.
      [1913 Webster]

            Those ultimate truths and those universal laws of
            thought which we can not rationally contradict.
                                                  --Coleridge.
      [1913 Webster]

   3. Incapable of further analysis; incapable of further
      division or separation; constituent; elemental; as, an
      ultimate particle; an ultimate constituent of matter.
      [1913 Webster]

   Ultimate analysis (Chem.), organic analysis. See under
      Organic.

   Ultimate belief. See under Belief.

   Ultimate ratio (Math.), the limiting value of a ratio, or
      that toward which a series tends, and which it does not
      pass.
      [1913 Webster]

   Syn: Final; conclusive. See Final.
        [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Ultimate \Ul"ti*mate\, v. t. & i. [imp. & p. p. Ultimated; p.
   pr. & vb. n. Ultimating.]
   1. To come or bring to an end or issue; to eventuate; to end.
      [R.]
      [1913 Webster]

   2. To come or bring into use or practice. [R.]
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Analysis \A*nal"y*sis\, n.; pl. Analyses. [Gr. ?, fr. ? to
   unloose, to dissolve, to resolve into its elements; ? up + ?
   to loose. See Loose.]
   1. A resolution of anything, whether an object of the senses
      or of the intellect, into its constituent or original
      elements; an examination of the component parts of a
      subject, each separately, as the words which compose a
      sentence, the tones of a tune, or the simple propositions
      which enter into an argument. It is opposed to
      synthesis.
      [1913 Webster]

   2. (Chem.) The separation of a compound substance, by
      chemical processes, into its constituents, with a view to
      ascertain either (a) what elements it contains, or (b) how
      much of each element is present. The former is called
      qualitative, and the latter quantitative analysis.
      [1913 Webster]

   3. (Logic) The tracing of things to their source, and the
      resolving of knowledge into its original principles.
      [1913 Webster]

   4. (Math.) The resolving of problems by reducing the
      conditions that are in them to equations.
      [1913 Webster]

   5.
      (a) A syllabus, or table of the principal heads of a
          discourse, disposed in their natural order.
      (b) A brief, methodical illustration of the principles of
          a science. In this sense it is nearly synonymous with
          synopsis.
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   6. (Nat. Hist.) The process of ascertaining the name of a
      species, or its place in a system of classification, by
      means of an analytical table or key.
      [1913 Webster]

   Ultimate, Proximate, Qualitative, Quantitative, and
   Volumetric analysis. (Chem.) See under Ultimate,
      Proximate, Qualitative, etc.
      [1913 Webster]

WordNet (r) 3.0 (2006):

ultimate
    adj 1: furthest or highest in degree or order; utmost or
           extreme; "the ultimate achievement"; "the ultimate
           question"; "man's ultimate destiny"; "the ultimate
           insult"; "one's ultimate goal in life" [ant: proximate]
    2: being the last or concluding element of a series; "the
       ultimate sonata of that opus"; "a distinction between the
       verb and noun senses of `conflict' is that in the verb the
       stress is on the ultimate (or last) syllable"
    n 1: the finest or most superior quality of its kind; "the
         ultimate in luxury"