The difference between Catholicon and Panacea
When used as nouns, catholicon means a supposed universal remedy, whereas panacea means a remedy believed to cure all disease and prolong life that was originally sought by alchemists.
check bellow for the other definitions of Catholicon and Panacea
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Catholicon as a noun (medicine):
A supposed universal remedy.
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Panacea as a noun:
A remedy believed to cure all disease and prolong life that was originally sought by alchemists; a cure-all.
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Panacea as a noun:
Something that will solve all problems.
Examples:
"A monorail will be a panacea for our traffic woes."
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Panacea as a noun (obsolete):
The plant allheal (), believed to cure all ills.