Valance
Valance , noun
[Perhaps from Old French avalant descending, hanging down, present participle of avaler to go down, let down, descend (compare Avalanche); but probably from the town of Valence in France.]
1.
Hanging drapery for a bed, couch, window, or the like, especially that which hangs around a bedstead, from the bed to the floor.
Valance of Venice gold in needlework.
2.
The drooping edging of the lid of a trunk, which covers the joint when the lid is closed.
Valance , transitive verb
To furnish with a valance; to decorate with hangings or drapery.
His old fringed chair valanced around with party-colored worsted bobs.