Para·guay (par′ə gwā′, -gwī′; Sp pä rä gwī′)

1. inland country in SC South America: 157,042 sq mi (406,737 sq km); pop. 4,120,000; cap. Asunción
2. river in SC South America, flowing from S Brazil south through Paraguay into the Paraná: c. 1,500 mi (2,414 km)