Webster's Revised Unabridged Dictionary · 1913

Menstruum

Menstruum , noun

[Latin menstruus. See Menstruous.]

Any substance which dissolves a solid body; a solvent.
The proper menstruum to dissolve metal. — Bacon
All liquors are called menstruums which are used as dissolvents, or to extract the virtues of ingredients by infusion or decoction. — Quincy

The use is supposed to have originated in some notion of the old chemists about the influence of the moon in the preparation of dissolvents.