Bravo

What word is this riddle describing?

Pronounced differently but spelled the same

I have many meanings from obscure to mundane

In a trip across water I get there before you

In precipitation amazing, a marvel to awe you

One naming of me means to acknowledge the praise

I move fastest in music as the violin maestro plays

Taught to children of all ages , or trip up they would

I was also much favoured by a notorious Hood.

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