The Collaborative International Dictionary of English v.0.48:

Ratafia \Rat`a*fi"a\ (r[a^]t`[.a]*f[=e]"[.a]), n. [F., fr. Malay
   arak arrack + t[=a]f[imac]a a spirit distilled from
   molasses.]
   A spirituous liquor flavored with the kernels of cherries,
   apricots, peaches, or other fruit, spiced, and sweetened with
   sugar; -- a term applied to the liqueurs called noyau,
   cura[,c]ao, etc. [Written also ratifia and ratafee.]
   [1913 Webster]