Source : Webster's Revised Unabridged Dictionary (1913)

Magneto-electricity \Mag`net*o-e`lec*tric"i*ty\, n.
   1. Electricity evolved by the action of magnets.

   2. (Physics) That branch of science which treats of the
      development of electricity by the action of magnets; --
      the counterpart of electro-magnetism.