Word Origin & History. peanut 1807, earlier ground nut, ground pea (1769). The plant is native to S.America. Portuguese traders took peanuts from Brazil and Peru to Africa by 1502 and it is known to have been cultivated in Chekiang Province in China by 1573, probably arriving with Port. sailors who made stops in Brazil en route to the Orient. Peanut butter is first attested 1903.
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Popular Terms. 1  1. General: Voluntary disclaim of a right or interest (without transferring it to anyone else) in a property, accompanied by a clear act of abandoning that property. 2  2. Accounting: Donation or voluntary disposal of a business asset where it is cheaper to abandon the asset than to restore or salvage it.