/ Dictionary / Index P Paraguay: Meaning and Definition of Find definitions for: Par•a•guay Pronunciation: (par'u-gwī", -gwā" Sp. pä"rä-gwī'), [key] — n. a republic in central South America between Bolivia, Brazil, and Argentina. 2,600,000; 157,047 sq. mi. (406,750 sq. km). Cap.: Asunción. a river in central South America, flowing S from W Brazil through Paraguay to the Paraná. 1500 mi. (2400 km) long. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. See also: paraguay (Thesaurus) paragraph mark Paraguay tea Related Content Daily Word Quiz: miscreant Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language