The noun panic has 2 senses (first 2 from tagged texts)
1. (7) panic, terror, affright -- (an overwhelming feeling of fear and anxiety)
2. (2) panic, scare -- (sudden mass fear and anxiety over anticipated events; "panic in the stock market"; "a war scare"; "a bomb scare led them to evacuate the building")
Overview of verb panic
The verb panic has 2 senses (first 2 from tagged texts)
1. (1) panic -- (be overcome by a sudden fear; "The students panicked when told that final exams were less than a week away")
2. (1) panic -- (cause sudden fear in or fill with sudden panic; "The mere thought of an isolation cell panicked the prisoners")