oolitePronunciation: /ˈəʊəlʌɪt/Definition of oolite noun [mass noun] Geology limestone consisting of a mass of rounded grains (ooliths) made up of concentric layers. [count noun]another term for oolith.Derivatives ooliticPronunciation: /-ˈlɪtɪk/ adjective Origin: early 19th century: from French oölithe, modern Latin oolites (see oo-, -lite)oolite in other Oxford dictionaries Definition of oolite in the US English dictionary