any of various resins from tropical trees of the bursera family, used esp. in varnishes, ointments, and inks
See elemi in American Heritage Dictionary 4
(ĕlˈə-mē)
nounpl.el·e·mis
Any of various oily resins derived from certain tropical trees, especially Canarium luzonicum of the Philippines, and used in making varnishes and inks.