The Collaborative International Dictionary of English v.0.48:

caranda \caranda\, caranday \caranday\n.
   a South American palm (Copernicia australis or Copernicia
   alba) yielding a wax similar to carnauba wax.

   Syn: caranday, caranda palm, wax palm.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

Copernicia australis
    n 1: South American palm yielding a wax similar to carnauba wax
         [syn: caranday, caranda, caranda palm, wax palm,
         Copernicia australis, Copernicia alba]