cerate

n.
A hard, unctuous, fat- or wax-based solid, sometimes medicated, formerly applied to the skin directly or on dressings.

[Latin cērātum, from cērātus, past participle of cērāre, to cover with wax, from cēra, wax, akin to Greek kēros.]

A medicinal preparation for external use, compounded of fat or wax, or both, intermediate in consistency between an ointment and a plaster.

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The noun has one meaning:

Meaning #1: a hard medicated paste made of lard or oil mixed with wax or resin

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