Definitions

1. noun

A remedy or solution that is considered to be effective or complete in its power or scope

“The new medicine was touted as the panacea for the common cold.”

2. noun

Something that is considered to be a universal remedy or solution

“She searched for a panacea for her ailing business.”

3. noun

A person or thing that is considered to be a solution to a problem

“The new CEO was seen as the panacea to the company’s financial woes.”