What is the exact/literal meaning of a word found in the dictionary called?

The term that refers to the exact or literal meaning of a word as found in the dictionary is denotation. Denotation is crucial in understanding language because it establishes a baseline meaning that can be universally recognized, regardless of the context in which the word is used. This contrasts with connotation, which involves the emotional or associative meanings that a word can carry beyond its strict definition. Implication refers to a meaning that is suggested but not explicitly stated, and nuance involves the subtle distinctions in meaning or expression that can arise in language. Understanding denotation is fundamental in literature as it allows readers to grasp the basic meaning of words before exploring the deeper layers of meaning that may be conveyed through connotation, implication, or nuance.