Valance

Part of speech: noun (n.)

1. Hanging drapery for a bed, couch, window, or the like, especially that which hangs around a bedstead, from the bed to the floor. [Written also valence.] Valance of Venice gold in needlework. Shak.

2. The drooping edging of the lid of a trunk. which covers the joint when the lid is closed.

Part of speech: verb (v.)

To furnish with a valance; to decorate with hangings or drapery. His old fringed chair valanced around with party-colored worsted bobs. Sterne.