Source : Webster's Revised Unabridged Dictionary (1913)

Loot \Loot\, n. [Hind. l?t, Skr. l?tra, l?ptra, booty, lup to
   break, spoil; prob. akin to E. rob.]
   1. The act of plundering.

   2. Plunder; booty; especially, the boot taken in a conquered
      or sacked city.

Loot \Loot\, v. t. & i. [imp. & p. p. {Looted}; p. pr. & vb. n.
   {Looting}.]
   To plunder; to carry off as plunder or a prize lawfully
   obtained by war.

         Looting parties . . . ransacking the houses.
                                                  --L.O?phant.

Source : WordNet®

loot
     n 1: goods or money obtained illegally [syn: {booty}, {pillage},
          {plunder}, {prize}, {swag}, {dirty money}]
     2: informal terms for money [syn: {boodle}, {bread}, {cabbage},
         {clams}, {dinero}, {dough}, {gelt}, {kale}, {lettuce}, {lolly},
         {lucre}, {moolah}, {pelf}, {scratch}, {shekels}, {simoleons},
         {sugar}, {wampum}]
     v 1: take illegally; of intellectual property; "This writer
          plundered from famous authors" [syn: {plunder}]
     2: steal goods; take as spoils; "During the earthquake people
        looted the stores that were deserted by their owners"
        [syn: {plunder}, {despoil}, {reave}, {strip}, {rifle}, {ransack},
         {pillage}, {foray}]