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punt (n.1)

"kick," 1845; see punt (v.).

punt (n.2)

"flat-bottomed river boat," late Old English punt, perhaps an ancient survival of British Latin ponto "flat-bottomed boat" (see OED), a kind of Gallic transport (Caesar), also "floating bridge" (Gellius), from Latin pontem (nominative pons) "bridge" (see pontoon). Or from or influenced by Old French cognate pont "large, flat boat."

punt (v.)

"to kick a ball dropped from the hands before it hits the ground," 1845, first in a Rugby list of football rules, perhaps from dialectal punt "to push, strike," alteration of Midlands dialect bunt "to push, butt with the head," of unknown origin, perhaps echoic. Student slang meaning "give up, drop a course so as not to fail," 1970s, is because a U.S. football team punts when it cannot advance the ball. Related: Punted; punting.

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Definitions of punt from WordNet
1
punt (v.)
kick the ball;
punt (v.)
propel with a pole;
We went punting in Cambridge
Synonyms: pole
punt (v.)
place a bet on;
Synonyms: bet on / back / gage / stake / game
2
punt (n.)
formerly the basic unit of money in Ireland; equal to 100 pence;
Synonyms: Irish pound / Irish punt / pound
punt (n.)
an open flat-bottomed boat used in shallow waters and propelled by a long pole;
punt (n.)
(football) a kick in which the football is dropped from the hands and kicked before it touches the ground;
punting is an important part of the game
the punt traveled 50 yards
Synonyms: punting
From wordnet.princeton.edu