GNU Collaborative International Dictionary of English

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Found one definition

1.       
   Wane (?), v. i. [imp. & p. p. Waned (?); p. pr. & vb. n. Waning.] [OE. wanien, AS. wanian, wonian, from wan, won, deficient, wanting; akin to D. wan-, G. wahnsinn, insanity, OHG. wan, wana-, lacking, wann to lessen, Icel. vanr lacking, Goth. vans; cf. Gr.  bereaved, Skr. na wanting, inferior. .  Cf. Want lack, and Wanton.]
   
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   1. To be diminished; to decrease; -- contrasted with wax, and especially applied to the illuminated part of the moon.
   
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   Like the moon, aye wax ye and wane.
   
   Waning moons their settled periods keep. Addison.
   
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   2. To decline; to fail; to sink.
   
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   You saw but sorrow in its waning form. Dryden.
   
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   Land and trade ever will wax and wane together. Sir J. Child.
   
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