Entry 2 senses · 2 variants Webster, 1913 Lubricant /lo͞ob'-rək-ənt/ · Lu·bri·cant · IPA /ˈlubɹəkənt/ a. n. 01 a. Lubricating. 1. Lubricating. 02 n. That which lubricates; specifically, a substance, as oil, grease, graphite, etc., used for reducing the friction of the working parts of ma… 1. That which lubricates; specifically, a substance, as oil, grease, graphite, etc., used for reducing the friction of the working parts of machinery.