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panacea

/ˌpænəˈsiːə/ noun C2
  1. A remedy believed to cure all disease and prolong life that was originally sought by alchemists; a cure-all.
  2. A solution to all problems. · A monorail will be a panacea for our traffic woes.

Plural panaceas

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Grandpapa says it is a panacea.” Valentine smiled, but it was evident that she suffered.
The Count of Monte Cristo, p. 926 · C1

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Words, meanings, pronunciations and translations from Wiktionary (CC BY-SA 4.0); how common each word is from wordfreq. Made into this dictionary by FluentPlex.