Source : Webster's Revised Unabridged Dictionary (1913)

Lancewood \Lance"wood`\, n. (Bot.)
   A tough, elastic wood, often used for the shafts of gigs,
   archery bows, fishing rods, and the like. Also, the tree
   which produces this wood, {Duguetia Quitarensis} (a native of
   Guiana and Cuba), and several other trees of the same family
   ({Anonase[ae]}).

   {Australian lancewood}, a myrtaceous tree ({Backhousia
      Australis}).

Source : WordNet®

lancewood
     n 1: durable straight-grained wood of the lacewood tree; used for
          building and cabinetwork and tools
     2: source of most of the lancewood of commerce [syn: {lancewood
        tree}, {Oxandra lanceolata}]