Entry 1 sense Webster, 1913 Milady /mĭl-ād'-ēˌ/ · Mi·la·dy · IPA /mɪˈleɪdi/ 01 n. Lit., my lady; hence (as used on the Continent), an English noblewoman or gentlewoman. 1. Lit., my lady; hence (as used on the Continent), an English noblewoman or gentlewoman.