precept /ˈpɹiːsɛpt/noun 4verb 2forms 3 noun4 •A rule or principle, especially one governing personal conduct.Precept guides, but example draws. •(UK) A tax rate set by such an order; the tax thus collected.The Parish Council is financed by raising a small levy - the precept - on all residential properties within the parish. — 2019 •A written command, especially a demand for payment. •(UK) An order issued by one local authority to another specifying the rate of tax to be charged on its behalf. verb2 •(US) To act as a preceptor; to teach a physician-in-training by supervising their clinical practice. •(no longer used) To teach (something) by precepts. formsprecepted · precepting · precepts