The Collaborative International Dictionary of English v.0.48:

Compound \Com*pound"\ (k[o^]m*pound"), v. t. [imp. & p. p.
   Compounded; p. pr. & vb. n. Compounding.] [OE. componen,
   compounen, L. componere, compositum; com-+ ponere to put set.
   The d is excrescent. See Position, and cf. Compon['e].]
   1. To form or make by combining different elements,
      ingredients, or parts; as, to compound a medicine.
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            Incapacitating him from successfully compounding a
            tale of this sort.                    --Sir W.
                                                  Scott.
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   2. To put together, as elements, ingredients, or parts, in
      order to form a whole; to combine, mix, or unite.
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            We have the power of altering and compounding those
            images into all the varieties of picture. --Addison.
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   3. To modify or change by combination with some other thing
      or part; to mingle with something else.
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            Only compound me with forgotten dust. --Shak.
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   4. To compose; to constitute. [Obs.]
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            His pomp and all what state compounds. --Shak.
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   5. To settle amicably; to adjust by agreement; to compromise;
      to discharge from obligation upon terms different from
      those which were stipulated; as, to compound a debt.
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            I pray, my lords, let me compound this strife.
                                                  --Shak.
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   To compound a felony, to accept of a consideration for
      forbearing to prosecute, such compounding being an
      indictable offense. See Theftbote.
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The Collaborative International Dictionary of English v.0.48:

Felony \Fel"o*ny\, n.; pl. Felonies. [OE. felonie cruelty, OF.
   felonie, F. f['e]lonie treachery, malice. See Felon, n.]
   1. (Feudal Law) An act on the part of the vassal which cost
      him his fee by forfeiture. --Burrill.
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   2. (O.Eng.Law) An offense which occasions a total forfeiture
      either lands or goods, or both, at the common law, and to
      which capital or other punishment may be added, according
      to the degree of guilt.
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   3. A heinous crime; especially, a crime punishable by death
      or imprisonment.
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   Note: Forfeiture for crime having been generally abolished in
         the United States, the term felony, in American law,
         has lost this point of distinction; and its meaning,
         where not fixed by statute, is somewhat vague and
         undefined; generally, however, it is used to denote an
         offense of a high grade, punishable either capitally or
         by a term of imprisonment. In Massachusetts, by
         statute, any crime punishable by death or imprisonment
         in the state prison, and no other, is a felony; so in
         New York. the tendency now is to obliterate the
         distinction between felonies and misdemeanors; and this
         has been done partially in England, and completely in
         some of the States of the Union. The distinction is
         purely arbitrary, and its entire abolition is only a
         question of time.
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   Note: There is no lawyer who would undertake to tell what a
         felony is, otherwise than by enumerating the various
         kinds of offenses which are so called. originally, the
         word felony had a meaning: it denoted all offenses the
         penalty of which included forfeiture of goods; but
         subsequent acts of Parliament have declared various
         offenses to be felonies, without enjoining that
         penalty, and have taken away the penalty from others,
         which continue, nevertheless, to be called felonies,
         insomuch that the acts so called have now no property
         whatever in common, save that of being unlawful and
         purnishable. --J. S. Mill.
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   To compound a felony. See under Compound, v. t.
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