shank·piece (sh?ngk?p?s?)n. An arch support inserted into the shank of a shoe.American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.shankpiece (??æ?k?pi?s) nthe inner sole or arch support in the shank of a shoeCollins English Dictionary ? Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014shank?piece (??æ?k?pis) n. a piece of metal or fiber for giving form to the shank of a shoe. Also called shank. [1880?85] Random House Kernerman Webster’s College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.