Source : Webster's Revised Unabridged Dictionary (1913)

Lace \Lace\ (l[=a]s), n. [OE. las, OF. laz, F. lacs, dim. lacet,
   fr. L. laqueus noose, snare; prob. akin to lacere to entice.
   Cf. {Delight}, {Elicit}, {Lasso}, {Latchet}.]
   1. That which binds or holds, especially by being interwoven;
      a string, cord, or band, usually one passing through
      eyelet or other holes, and used in drawing and holding
      together parts of a garment, of a shoe, of a machine belt,
      etc.

            His hat hung at his back down by a lace. --Chaucer.

            For striving more, the more in laces strong Himself
            he tied.                              --Spenser.

   2. A snare or gin, especially one made of interwoven cords; a
      net. [Obs.] --Fairfax.

            Vulcanus had caught thee [Venus] in his lace.
                                                  --Chaucer.

   3. A fabric of fine threads of linen, silk, cotton, etc.,
      often ornamented with figures; a delicate tissue of
      thread, much worn as an ornament of dress.

            Our English dames are much given to the wearing of
            costlylaces.                          --Bacon.

   4. Spirits added to coffee or some other beverage. [Old
      Slang] --Addison.

   {Alencon lace}, a kind of point lace, entirely of needlework,
      first made at Alencon in France, in the 17th century. It
      is very durable and of great beauty and cost.

   {Bone lace}, {Brussels lace}, etc. See under {Bone},
      {Brussels}, etc.

   {Gold lace}, or {Silver lace}, lace having warp threads of
      silk, or silk and cotton, and a weft of silk threads
      covered with gold (or silver), or with gilt.

   {Lace leather}, thin, oil-tanned leather suitable for cutting
      into lacings for machine belts.

   {Lace lizard} (Zo["o]l.), a large, aquatic, Australian lizard
      ({Hydrosaurus giganteus}), allied to the monitors.

   {Lace paper}, paper with an openwork design in imitation of
      lace.

   {Lace piece} (Shipbuilding), the main piece of timber which
      supports the beak or head projecting beyond the stem of a
      ship.

   {Lace pillow}, & {Pillow lace}. See under {Pillow}.

Source : WordNet®

silver lace
     n : shrubby perennial of the Canary Islands having white flowers
         and leaves and hairy stems covered with dustlike down;
         sometimes placed in genus Chrysanthemum [syn: {dusty
         miller}, {silver-lace}, {Tanacetum ptarmiciflorum}, {Chrysanthemum
         ptarmiciflorum}]