WordReference Random House Learner's Dictionary of American English © 2019
al•che•my /ˈælkəmi/USA pronunciation   n. [uncountable]
  1. a form of chemistry of the Middle Ages that tried to discover an elixir of life and a method for changing ordinary metals into gold.
  2. any seemingly magical process of changing something ordinary into something superior.
al•che•mist, n. [countable]

WordReference Random House Unabridged Dictionary of American English © 2019
al•che•my  (alkə mē),USA pronunciation n., pl.  -mies  for 2.
  1. a form of chemistry and speculative philosophy practiced in the Middle Ages and the Renaissance and concerned principally with discovering methods for transmuting baser metals into gold and with finding a universal solvent and an elixir of life.
  2. any magical power or process of transmuting a common substance, usually of little value, into a substance of great value.
  • Greek kēmeía transmutation; replacing Middle English alconomye, equivalent. to alk(imie) + (astr)onomye astronomy
  • Arabic al the + kīmiyā'
  • Medieval Latin alchymia
  • Old French alquemie
  • 1325–1375; earlier alchimie
al•chem•ic  (al kemik),USA pronunciation  al•chemi•cal, al•che•mis•tic  (al′kə mistik),USA pronunciation  al′che•misti•cal, adj.  al•chemi•cal•ly, adv. 

Collins Concise English Dictionary © HarperCollins Publishers::

alchemy /ˈælkəmɪ/ n ( pl -mies)
  1. the pseudoscientific predecessor of chemistry that sought a method of transmuting base metals into gold, an elixir to prolong life indefinitely, a panacea or universal remedy, and an alkahest or universal solvent
  2. a power like that of alchemy: her beauty had a potent alchemy
Etymology: 14th Century alkamye, via Old French from Medieval Latin alchimia, from Arabic al-kīmiyā', from al the + kīmiyā' transmutation, from Late Greek khēmeia the art of transmutation

alchemic /ælˈkɛmɪk/, alˈchemical, ˌalchemˈistic adj

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