That stolen from Waterloo terminus? (4)

I believe the answer is:

loot

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'that stolen' is the definition.
I can't judge whether this definition defines the answer.

'from waterloo terminus?' is the wordplay.
'from' indicates a hidden word.
'LOOT' can be found hidden inside 'waterloo terminus'.

Can you help me to learn more?

(Other definitions for loot that I've seen before include "familiar officer" , "Plunder - booty" , "Plunder and ransack" , "Steal goods as spoils" , "Tool found among plunder" .)

I've seen this clue in the Evening Standard.

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