[1] : The Collaborative International Dictionary of English v.0.48

velout'e \velou`t'e"\, n., or sauce velout'e \sauce
velout'e\ f. velout'e, lit., velvety. cookery
   a white sauce or stock made by boiling down ham, veal, beef,
   fowl, bouillon, etc., then adding soup stock, seasoning,
   vegetables, and thickening, and again boiling and straining.
   webster 1913 suppl.

[2] : WordNet (r) 2.0

veloute
     n : white sauce made with stock instead of milk

Veloute >> V Words
Veloute, definition of term: Veloute
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