From The Collaborative International Dictionary of English v.0.44 [gcide]:
Presbyter \Pres"by*ter\, noun [L. an elder, fr. Gr. ?. See {Priest}.]
1. An elder in the early Christian church. See 2d Citation under {Bishop}, noun, 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. --Hooker.
New presbyter is but old priest writ large. --Milton.
3. (Presbyterian Ch.) A member of a presbytery whether lay or clerical.
4. A Presbyterian. [Obs.] --Hudibras.
From WordNet (r) 2.0 [wn]:
noun
1: an elder in the Presbyterian Church
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