To clarify a sadly nonsensical Webster 1913 definition, a precept is a rule of personal conduct, like a principle, or a religious rule of behavior, like a doctrine or perhaps a commandment. Essentially, a precept dictates appropriate behavior in a situation. The word derives from the Latin praecipere, to advise or teach.

Unfortunately, according to dictionary.com, Webster's Revised Unabridged Dictionary of 1996 still has this same entry! Source: http://www.dictionary.com/cgi-bin/dict.pl?term=precept