Yes, teredo is in the scrabble dictionary

...and is worth 7 points by itself.

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Teredo Definition

noun

A shipworm of the genus Teredo.

from The American Heritage Dictionary of the English Language, 4th Edition

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Top Words by points	Points
teredo	7

2 letter words with TEREDO	Points
do	3
or	2
oe	2
od	3
to	2
te	2
re	2
et	2
er	2
ed	3
de	3

3 letter words with TEREDO	Points
ore	3
red	4
ort	3
ree	3
ret	3
rod	4
roe	3
rot	3
ted	4
tee	3
tod	4
toe	3
tor	3
ode	4
ere	3
dee	4
doe	4
dor	4
dot	4

4 letter words with TEREDO	Points
trod	5
tree	4
tore	4
toed	5
teed	5
deer	5
deet	5
dere	5
rote	4
rode	5
rete	4
reed	5
redo	5
rede	5
doer	5
dore	5
dote	5
dree	5

5 letter words with TEREDO	Points
treed	6
trode	6
erode	6
deter	6
doter	6

6 letter words with TEREDO	Points
teredo	7

Found 54 words in 0.18148 seconds