I have always differentiated a Dynamo as generating DC, and an Alternator as generating AC, (because the voltage delivered at each output terminal alternated between Positive and Negative ).
So given the description by Stuart, to describe the machine as a Dynamo was incorrect.
The S E L and Trix low voltage motors of my youth were DC permanent magnet machines, but using Phosphor Bronze or Beryllium Copper strips as brushes. If motored, they could function as DC generators.
A lot of model locomotives have been / are powered by automotive Dynamos being supplied with DC from Lead Acid batteries.
The American A C Gilbert Erector and British Meccano motors used wound fields, and "carbon" brushes
The A C Gilbert motor had separate terminals for armature and field. I reversed mine, on an AC input, with a S E L reversing switch. The Meccano E20R motor had the reversing switch built in. Both would run on AC or DC current, like any motor described as "Universal"
The totally enclosed E20 version had only two input terminals and could not be reversed on AC, but by reversing the DC input..
It is now a while since I saw it, but from memory, the Dynamo driven by the National Gas Engine at The WaterWorks Museum employs metallic brushes,.
So perhaps the name came from the fact that the components "brushed" against the commutator?
Howard