caranday

/ˌkærənˈdaɪ/
noun
  1. A South American palm tree (Copernicia alba) with a tall trunk and fan-shaped leaves, valued for its wax and wood.
    • The caranday palm is an important source of wax used in polishes and cosmetics.
    • In Paraguay, the caranday is often called the 'wax palm' because of its waxy leaves.
    • The wood of the caranday is durable and used for building fences and furniture.
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