0 the area of a town that surrounds someone's home, or the people who live in this area:
1 an area with characteristics that make it different from other areas, or the people who live in a particular area:
The police have taken fingerprints from every man in the neighborhood.
There have been reports of a masked man prowling in the neighborhood.
Plans to build a new nightclub in the neighborhood have enraged local residents.
Families were recruited through postcards sent to several local neighborhoods, flyers, booths at community functions, and referrals from other participants.
As noted earlier, defining neighborhoods or examining neighborhood character is not as straightforward a task as it may seem.
An adequate margin policy fairly prices the exchange performance guarantee within an (economically insignificant) neighborhood.