The term 'stolen property' can be summarized as the taking of someone else's property without their permission. The term 'LOOT' is a four-letter synonym for stolen property, and it refers to goods that are taken by force or stealth, usually during a war or other conflict. It can also refer to the spoils of a robbery or burglary. In either case, the goods are taken without the owner's consent and are considered to be stolen property.