Answer: PAINT

Paint is a liquid or semi-solid material that is applied to surfaces to add color and protect or decorate them. It typically consists of pigments (for color), a binder (to hold the pigment together), and a solvent (to make the paint easier to apply). It can be used on various surfaces such as walls, furniture, or canvas.

Note: The provided meaning of the answer is for the latest New York Times crossword puzzle clue: Coat that might be satin?. Explanations are generated by AI and may be inaccurate.