Etymology
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Paraguay

South American country, named for the river, which is said to be from Guarani para "water" + guay "born." This is said to have been the name of a local chieftain who treated with the first Spanish explorers. Related: Paraguayan (1690s).

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Definitions of Paraguay

Paraguay (n.)
a landlocked republic in south central South America; achieved independence from Spain in 1811;
Synonyms: Republic of Paraguay
From wordnet.princeton.edu