1.
ice cream
Shortened form of アイスクリーム, common in everyday speech.
2.
ice; iced (as in iced coffee)
Used in compound words and drink names.
アイス is a shortened form of アイスクリーム (ice cream), and also means "iced" when used as a prefix for drinks.
SENSE 1 — ICE CREAM:
SENSE 2 — ICED (drinks):
Related words
Usage
In casual speech, アイス almost always means ice cream. The "iced drink" sense mainly appears in compound words or when contrasting with ホット (hot).
Related Words
Compare:
ホット (hot (drinks))
Related:
ソフトクリーム (soft serve ice cream)
Related:
かき氷 (shaved ice)
Related:
シャーベット (sherbet/sorbet)
Related:
ジェラート (gelato)