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nostrum  (nostrums plural )
1  n-count You can refer to ideas or theories about how something should be done as nostrums, especially when you think they are old-fashioned or wrong in some way. 
FORMAL ...yesterday's failed socialist nostrums.  
2  n-count If you refer to a medicine as a nostrum, you mean that it is not effective or has not been tested in a proper scientific way. 
...pills, tablets, and other nostrums claiming to be magic potions.