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From: Webster's Revised Unabridged Dictionary (1913)

 Nos·trum n.; pl. Nostrums
 1. A medicine, the ingredients of which are kept secret for the purpose of restricting the profits of sale to the inventor or proprietor; a quack medicine.
 2. Any scheme or device proposed by a quack.
    The incentives of agitators, the arts of impostors and the nostrums of quacks.   --Brougham.