The difference between Elixir and Panacea
When used as nouns, elixir means a liquid which converts lead to gold, 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 Elixir and Panacea
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Elixir as a noun (alchemy):
A liquid which converts lead to gold.
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Elixir as a noun (alchemy):
A substance or liquid which is believed to cure all ills and give eternal life.
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Elixir as a noun (by extension):
The alleged cure for all ailments; cure-all, panacea.
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Elixir as a noun (pharmacy):
A sweet flavored liquid (usually containing a small amount of alcohol) used in compounding medicines to be taken by mouth in order to mask an unpleasant taste.
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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.