Meaning of hic requiescit in pace*

hic re•qui•es•cit in pa•ce

Pronunciation: (hēk' re'kwē-e'shēt ēn pä'che), [key]
— Latin. Latin.
  1. here rests in peace: a phrase used on tombstones before the name of the deceased.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.