Source : Webster's Revised Unabridged Dictionary (1913)

Ointment \Oint"ment\, n. [OE. oinement, OF. oignement, fr.F.
   oindre to anoint, L. ungere, unguere; akin to Skr. a?j, and
   to G. anke (in Switzerland) butter. The first t in the E.
   word is due to the influence of anoint. Cf. {Anoint},
   {Unguent}.]
   That which serves to anoint; any soft unctuous substance used
   for smearing or anointing; an unguent.

Source : WordNet®

ointment
     n 1: semisolid preparation (usually containing a medicine)
          applied externally as a remedy or for soothing an
          irritation [syn: {unction}, {unguent}, {balm}, {salve}]
     2: toiletry consisting of any of various substances resembling
        cream that have a soothing and moisturizing effect when
        applied to the skin [syn: {cream}, {emollient}]