The Collaborative International Dictionary of English v.0.48:

Balmoral \Bal*mor"al\, n. [From Balmoral Castle, in
   Aberdeenshire, Scotland.]
   1. A long woolen petticoat, worn immediately under the dress.
      [1913 Webster]

   2. A kind of stout walking shoe, laced in front.
      [1913 Webster]

            A man who uses his balmorals to tread on your toes.
                                                  --George
                                                  Eliot.
      [1913 Webster]

WordNet (r) 3.0 (2006):

balmoral
    n 1: a sturdy laced walking shoe
    2: a brimless dark blue Scottish cap with a flat top and a plume
       on one side [syn: Balmoral, bluebonnet]