The Collaborative International Dictionary of English v.0.48:

Secrete \Se*crete"\, v. t. [imp. & p. p. Secreted; p. pr. &
   vb. n. Secreting.] [L. secretus separated, secret, hidden,
   p. p. of secernere. See Secret, and cf. Discrete,
   Discreet.]
   1. To deposit in a place of hiding; to hide; to conceal; as,
      to secrete stolen goods; to secrete one's self.
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   2. (Physiol.) To separate from the blood and elaborate by the
      process of secretion; to elaborate and emit as a
      secretion. See Secretion.
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            Why one set of cells should secrete bile, another
            urea, and so on, we do not know.      --Carpenter.
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   Syn: To conceal; hide. See Conceal.
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WordNet (r) 3.0 (2006):

secrete
    v 1: generate and separate from cells or bodily fluids; "secrete
         digestive juices"; "release a hormone into the blood
         stream" [syn: secrete, release]
    2: place out of sight; keep secret; "The money was secreted from
       his children"