The term LACE TIP is composed of two words, AGLET and LACE. An AGLET is a small plastic or metal tube that is used to cover the ends of shoelaces, preventing them from fraying. It is also known as an aiglet or agel. LACE is a delicate fabric made of interlaced threads, often used for trimming clothing or making curtains. Together, the two words form the term LACE TIP, which refers to the tip of a shoelace, where the AGLET is attached.