The Collaborative International Dictionary of English v.0.48:

Belt \Belt\, v. t. [imp. & p. p. Belted; p. pr. & vb. n.
   Belting.]
   To encircle with, or as with, a belt; to encompass; to
   surround.
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         A coarse black robe belted round the waist. --C. Reade.
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         They belt him round with hearts undaunted.
                                                  --Wordsworth.
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   2. To shear, as the buttocks and tails of sheep. [Prov. Eng.]
      --Halliwell.
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The Collaborative International Dictionary of English v.0.48:

Belting \Belt"ing\, n.
   The material of which belts for machinery are made; also,
   belts, taken collectively.
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WordNet (r) 3.0 (2006):

belting
    n 1: the material of which belts are made