The Collaborative International Dictionary of English v.0.48:
Altazimuth \Alt*az"i*muth\, n. [Alltude + azimuth.] (Astron.) An instrument for taking azimuths and altitudes simultaneously. [1913 Webster]WordNet (r) 3.0 (2006):
altazimuth n 1: an instrument that measures the altitude and azimuth of celestial bodies; used in navigation