look up any word, like smh:
 
1.
An alternative to the "money honey" nickname for ladies on CNBC. Loot sloot describes a female who will do stuff for money, and not much of it.
Steve and Vito are sitting in the office watching CNBC. Vito sez to Steve, "Check out the loot sloot on Morning Call, I'd love to get into her portfolio."
by SK19 May 01, 2006