Definition: loot

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Source: WordNet (r) 1.7 

loot
     n 1: goods or money obtained illegally [syn: booty, pillage,
          plunder, prize, swag]
     2: informal terms for money [syn: shekels, gelt, dough, bread,
         dinero, lucre, pelf, moolah, cabbage, kale]
     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]

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.