From H.P.Blavatsky - Teopedia
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Alkahest (Arab.). The universal solvent in Alchemy (see "Alchemy "); but in mysticism, the Higher Self, the union with which makes of matter (lead), gold, and restores all compound things such as the human body and its attributes to their primæval essence.

Source: H.P.Blavatsky - The Theosophical Glossary