1. a cure-all (remedy), sought after by some alchemists
2. a solution or thing that will completely solve a problem
► uses
Uses:
encumbered with groups of curious people who stopped before the quacks, who were selling their universal panaceas and playing farces, mountebanks, thimbleriggers, pedlers of songs, of ironmongery, of books, of jujubes, it offered to the observer a diverting and extremely animated scene.
Charles Paul de Kock. The Barber of Paris
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The Providential. (He feels his trouser pocket) Poor mamma's panacea. Heel easily catch in track or bootlace in a cog.