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From The Collaborative International Dictionary of English v.0.48:
Elemi \El"e*mi\, n. [Cf. F. ['e]lemi, It. elemi, Sp. elemi; of American or Oriental. origin.] A fragrant gum resin obtained chiefly from tropical trees of the genera Amyris and Canarium. Amyris elemifera yields Mexican elemi; Canarium commune, the Manila elemi. It is used in the manufacture of varnishes, also in ointments and plasters. [1913 Webster]