Scrabble Dictionary

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Yes, loam is playable

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"Loam" Definition

noun

A mixture of moist clay and sand, and often straw, used especially in making bricks and foundry molds.
Soil composed of a mixture of sand, clay, silt, and organic matter.
A mixture (as for plastering) composed chiefly of moistened clay.
A coarse molding sand used in founding.
A soil consisting of a friable mixture of varying proportions of clay, silt, and sand.

verb-transitive

To fill, cover, or coat with loam.