"A palace is a grand residence, especially a royal residence, or the home of a head of state or some other high-ranking dignitary, such as a bishop or archbishop.
The word is derived from the Latin name Palātium, for Palatine Hill in Rome which housed the Imperial residences. Most European languages have a version of the term (palais, palazzo, palacio etc.), and many use it for a wider range of buildings than English. In many parts of Europe, the equivalent term is also applied to large private houses in cities, especially of the aristocracy; often the term for a large country house is different. Many historic palaces are now put to other uses such as parliaments, museums, hotels, or office buildings. The word is also sometimes used to describe a lavishly ornate building used for public entertainment or exhibitions, such as a movie palace." - (en.wikipedia.org 17.09.2019)
en