1.  panama(n = noun.location) republic of panama - a republic on the Isthmus of Panama; achieved independence from Colombia in 1903;
is a kind of central american country, central american nation
is a part of isthmus of darien, isthmus of panama
has parts: panama canal, capital of panama, panama city, panamanian capital, aspinwall, colon, canal zone, panama canal zone
is a member of oas, organization of american states
Derived form adjective panamanian₁

2.  panama(n = noun.artifact) boater, leghorn, panama hat, sailor, skimmer, straw hat - a stiff hat made of straw with a flat crown;
is a kind of chapeau, hat, lid

panama, n. a hat of strawlike material made from the leaves of a pine-tree.

Etymology:
Panama in Central America

capital of panama, isthmus of panama, panama canal, panama canal zone, panama city, panama hat, panama redwood, panama redwood tree, panama tree, republic of panama