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TeachMeFinance.com - explain Oakum Oakum The term 'Oakum' as it applies to the area of reclamation can be defined as ' Loosely woven hemp rope that has been treated with oil or other waterproofing agent; it is used to caulk joints in a bell and spigot pipe and fittings'. Previous 5 Terms: NYMEX nymphean nymphology O and M oak Next 5 Terms: obitual Obligate riparian species Obligation obliquity OBPA About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.