What is Terrace ?
Terrace is (noun) 1. a flat area with a stone or tiled floor, which is raised above another area The guests had drinks on the terrace before going in to dinner. 2. a row of similar houses connected together They live in an early 19th-century terrace in Islington. 3. a flat field cut out of the side of a hill Farmers make terraces for their rice paddies.
source: Easier English, Student Dictionary Upper Intermediate Level