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From The Collaborative International Dictionary of English v.0.48:
videocasette \videocasette\ n. a casette containing magnetic tape, which can be used in a videocasette recorder to record and play back electronic signals, such as from television programs. The long magnetic tape in the videocasette is moved between two spindles, and a small portion of the tape at any one time is passed over a recording or playback head. [PJC]