Longman Dictionary of Contemporary English - nick

~1 n 1 in the nick of time just before it is too late or just before something bad happens  (Luckily, help arrived in the nick of time.) 2 a very small cut made on the edge or surface of something 3 in good nick/in bad nick etc BrE informal in good condition or in bad condition  (It's an old car but it's in good nick.) 4 the nick BrE informal prison or a police station ~2 v 1 to make a small cut in the surface or edge of something, usually by accident  (A bullet nicked his leg.) 2 BrE informal to steal something  (Someone's nicked my bike.) 3 BrE informal if the police nick you, they catch you and charge you with a crime; arrest1 (1)