Entry 1 sense Webster, 1913 Ointment /oin'-tmənt/ · Oint·ment · IPA /ˈɔɪn(t)m(ə)nt/ 01 n. That which serves to anoint; any soft unctuous substance used for smearing or anointing; an unguent. 1. That which serves to anoint; any soft unctuous substance used for smearing or anointing; an unguent.