The Collaborative International Dictionary of English v.0.48:

Engrave \En*grave"\, v. t. [imp. Engraved; p. p. Engraved or
   Engraven; p. pr. & vb. n. Engraving.] [Pref. en- + grave
   to carve: cf. OF. engraver.]
   1. To cut in; to make by incision. [Obs.]
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            Full many wounds in his corrupted flesh
            He did engrave.                       --Spenser.
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   2. To cut with a graving instrument in order to form an
      inscription or pictorial representation; to carve figures;
      to mark with incisions.
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            Like . . . . a signet thou engrave the two stones
            with the names of the children of Israel. --Ex.
                                                  xxviii. 11.
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   3. To form or represent by means of incisions upon wood,
      stone, metal, or the like; as, to engrave an inscription.
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   4. To impress deeply; to infix, as if with a graver.
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            Engrave principles in men's minds.    --Locke.
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The Collaborative International Dictionary of English v.0.48:

Engraving \En*grav"ing\, n.
   1. The act or art of producing upon hard material incised or
      raised patterns, characters, lines, and the like;
      especially, the art of producing such lines, etc., in the
      surface of metal plates or blocks of wood. Engraving is
      used for the decoration of the surface itself; also, for
      producing an original, from which a pattern or design may
      be printed on paper.
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   2. That which is engraved; an engraved plate.
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   3. An impression from an engraved plate, block of wood, or
      other material; a print.
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   Note: Engraving on wood is called xylography; on copper,
         chalcography; on stone lithography. Engravings or
         prints take from wood blocks are usually called wood
         cuts, those from stone, lithographs.
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WordNet (r) 3.0 (2006):

engraving
    n 1: a print made from an engraving
    2: a block or plate or other hard surface that has been engraved
    3: making engraved or etched plates and printing designs from
       them [syn: engraving, etching]