oillet

from The Collaborative International Dictionary of English v.0.48
Oillet \Oil"let\, n. [See {Eyelet}.] (Arch.)
   (a) A small opening or loophole, sometimes circular, used in
       mediaeval fortifications.
   (b) A small circular opening, and ring of moldings
       surrounding it, used in window tracery in Gothic
       architecture. [Written also {oylet}.]
       [1913 Webster]
    

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