Nouns

(n)patio, terraceusually paved outdoor area adjoining a residence
(n)terrace, bencha level shelf of land interrupting a declivity (with steep slopes above and below)
(n)terracea row of houses built in a similar style and having common dividing walls (or the street on which they face)“Grosvenor Terrace”

Verbs

(v)terrace, terrasseprovide (a house) with a terrace“We terrassed the country house”
(v)terracemake into terraces as for cultivation“The Incas terraced their mountainous land”