condensed milk

noun
whole milk reduced by evaporation to a thick consistency, with sugar added.

Origin:
1855–60

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World English Dictionary
condensed milk
 
n
Compare evaporated milk milk reduced by evaporation to a thick concentration, with sugar added

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Sweetened condensed milk is the secret ingredient in this special ice cream.
The use of milk, cream, or condensed milk also varies from recipe to recipe.
Once you bake the dense cake, you soak it in a mixture of sweetened condensed
  milk, evaporated milk and cream.
Condensed milk is sweetened while evaporated milk is not.
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