The Collaborative International Dictionary of English v.0.48:
old-world \old-world\ adj.
1. Characteristic of former times especially in Europe; as,
an old-world cottage.
2. (Biology) Native to the Old World; not found in the
Americas; as, old-world monkeys.
WordNet (r) 3.0 (2006):
adj 1: characteristic of former times especially in Europe; "an