(1):
(n.) A restatement of a text, passage, or work, expressing the meaning of the original in another form, generally for the sake of its clearer and fuller exposition; a setting forth the signification of a text in other and ampler terms; a free translation or rendering; - opposed to metaphrase.
(2):
(v. t.) To express, interpret, or translate with latitude; to give the meaning of a passage in other language.
(3):
(v. i.) To make a paraphrase.