luncheon meat

n.
Processed, prepackaged meat, often molded into a loaf and served sliced for use in sandwiches or salads. Also called lunchmeat.

Precooked, canned meat, usually pork. A 150-g portion is a rich source of protein, niacin; a good source of iron; a source of vitamins B₁ and B₂; contains 40 g of fat, of which 40% is saturated; supplies 450 kcal (1900 kJ).

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The noun has one meaning:

Meaning #1: any of various sausages or molded loaf meats sliced and served cold
  Synonym: lunch meat

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