WordReference Random House Unabridged Dictionary of American English © 2020
Hay-Pauncefote Trea′ty  (hāpônsfŏŏt),USA pronunciation 
  • American Historyan agreement (1901) between the U.S. and Great Britain giving the U.S. the sole right to build a canal across Central America connecting the Atlantic and Pacific. Cf. Clayton-Bulwer Treaty.
    • named after J. M. Hay and Julian Pauncefote (1828–1902), English diplomat

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