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Wiktionary
osculating circle

n. (context mathematics for any point on a curve English) The circle that has the same tangent, and the same curvature at the point on the curve

WordNet
osculating circle

n. the circle that touches a curve (on the concave side) and whose radius is the radius of curvature [syn: circle of curvature]

Wikipedia
Osculating circle

In differential geometry of curves, the osculating circle of a sufficiently smooth plane curve at a given point p on the curve has been traditionally defined as the circle passing through p and a pair of additional points on the curve infinitesimally close to p. Its center lies on the inner normal line, and its curvature is the same as that of the given curve at that point. This circle, which is the one among all tangent circles at the given point that approaches the curve most tightly, was named circulus osculans (Latin for "kissing circle") by Leibniz.

The center and radius of the osculating circle at a given point are called center of curvature and radius of curvature of the curve at that point. A geometric construction was described by Isaac Newton in his Principia: