The Collaborative International Dictionary of English v.0.48:
Presbyter \Pres"by*ter\, n. [L. an elder, fr. Gr. ?. See
1. An elder in the early Christian church. See 2d Citation
under Bishop, n., 1.
2. (Ch. of Eng. & Prot. Epis. Ch.) One ordained to the second
order in the ministry; -- called also priest.
I rather term the one sort presbyter than priest.
New presbyter is but old priest writ large.
3. (Presbyterian Ch.) A member of a presbytery whether lay or
4. A Presbyterian. [Obs.] --Hudibras.
WordNet (r) 3.0 (2006):
n 1: an elder in the Presbyterian Church