A term which comes up repeatedly in the text, the Soul of the World is sometimes equated with God. It is a spiritual force that binds all of us together and governs all things and that speaks with us in the language of signs or omens.
The Philosophers Stone is the solid portion of the Master Work. The Philosopher's Stone has the ability to turn any metal into gold, an ability which the Alchemist uses to generate gold at the Coptic monastery in Egypt before taking his leave of Santiago
Language of the universe
Omens, coincidences and dreams are the means by which the universe seeks to communicate. By remaining open to these omens, Santiago is able to learn more about the world and about himself.
The Elixir of Life
The Elixir of Life is the liquid portion of the Master Work, the goal of all alchemists. The Elixir of Life heals diseases and grants long life when ingested. The Alchemist carries some in a flask through the desert.
The Master work
The Master Work is a term which refers, in alchemy, to the Elixir of Life and the Philosopher's Stone as a whole. The Master Work is the goal of all alchemists; the Alchemist has achieved it, but the Englishman is still seeking it.
A Personal Legend is a true desire, which comes from the Soul of the Universe. This is different from other selfish desires in that the universe conspires to help you realize your personal legend. The story of The Alchemist is the story of Santiago realizing his Personal Legend.
Urim and Thummin
Two stones given to Santiago by Melchizedek. Melchizedek instructs Santiago to use them when he cannot read the omens of the world. These stones are drawn from a bag, with one signifying no and the other one signifying yes.
This is an emerald that contains the most important text in the literature of alchemy. very short
Principle of Favorability
beginner's luck; the world's effort to conspire in your effort