Loot
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Loot, used as a noun, refers to stolen items. It can also be used as a verb, "to loot", which is a synonym of stealing. In role-playing games, players often use the word to refer to items taken (or "looted") from dungeons and killed enemies.
Loot can be a means for a GM to subtly adjust the balance or tactics of a party -- a player character lagging behind in power may "happen" to find a superior piece of equipment. The GM may also choose to be less subtle by, for example, arranging for the strapping barbarian to get a cursed Girdle of Gender Change disguised as a Belt of Increased Strength.