Wiktionary
n. (context informal physics English) A luminosity equivalent to that of a thousand novas
Wikipedia
A kilonova (also called a ‘macronova’ or an ‘ r-process supernova’) occurs when two neutron stars or a neutron star and a black hole merge. Strong electromagnetic radiation is emitted due to the decay of heavy r-process ions that are produced and ejected fairly isotropically during the merger process—similar to a faint, short-lived supernova. A kilonova is thought to be the result of merging of two compact objects, namely a black hole and neutron star, in a binary system. The inspiral and merging of these compact objects are thought to be a strong source of gravitational waves (GWs). It is also thought to be the progenitor of short gamma-ray bursts and the predominant source of stable r-process elements in the Universe.
The first clear detection of a kilonova was in association with the short-duration gamma-ray burst GRB 130603B. This gamma-ray burst was in a relatively nearby galaxy, enabling the faint infra-red emission from the kilonova to be detected using the Hubble Space Telescope.