A shiny diamond or a piece of stolen goods from the town. Every adventurer likes loot. Loot is any item that your character can find while playing the game that doesn't fit into any other category of items. Some loot is required to complete Contracts from NPCs. Some loot sells for good price and can be your primary source of Crowns. Some loot has uses in Crafting (not yet implemented), and some loot is just there for the mood.