Mag″net‐ite (?), n.(Min.) An oxide of iron (Fe3O4) occurring in isometric crystals, also massive, of a black color and metallic luster. It is readily attracted by a magnet and sometimes possesses polarity, being then called loadstone. It is an important iron ore. Called also magnetic iron.
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Webster's Dictionary 1913
Webster's Revised Unabridged Dictionary, C. & G. Merriam Co., 1913.