• (n.) An Australian name given to the hard white wood of certain trees of the genus Elaeodendron, and also to the trees themselves. • (n.) The wood of the olive.
Ol`ive·wood' noun (Botany) (a) The wood of the olive. (b) An Australian name given to the hard white wood of certain trees of the genus Elæodendron , and also to the trees themselves.