(n)a permanent magnet consisting of magnetite that possess polarity and has the power to attract as well as to be attracted magnetically, Syn.loadstone
The Collaborative International Dictionary of English (GCIDE) v.0.53Collaborative International Dictionary (GCIDE)
{ , n. [ Load, lode + stone. ] (Min.) A piece of magnetite, a magnetic iron ore, possessing polarity like a magnetic needle, having the power to attract as well as to be attracted magnetically. See Magnetite. [ 1913 Webster ]