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Definitions by That guy, you know who...

Lady Friend 

A lady who is indeed more than just a friend. The relationship has not moved far enough to for her to be a girlfriend, therefore "Lady Friend" fills the void that currently remains between friendship, and relationship status.
Phil: "Hey Dennis, so whats going on with you and Megan?"

Dennis: "Dude we hung out on saturday, she my new Lady friend!"

Phil: "Nice!"