It means "around" (4)
I believe the answer is:
peri
'it means around' is the definition.
(I've seen this in another clue)
This is the entire clue.
(Other definitions for peri that I've seen before include "Spirit of folklore" , "Type of disembodied spirit or graceful young girl" , "Fairy of Persian myth" , "Fairy (Pers. mythology)" , "Prefix denoting 'around'" .)