SOED CD ROM (20 yrs old) re precarity - not in precarium /prI"kE:rIm/ n. Pl. [L, use as n. of neut. of precarius: see PRECARIOUS.] Rom. & Sc. Law. A loan granted on request but revocable whenever the owner may please. But instantiate is: Represent by an instance. though it would seem in code writing the meaning doesn't now imply as an example. ie it was used before (≈ precedent set)
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