Hay-Pauncefote Treaty

[ hey-pawns-foo t ]
/ ˈheɪˈpɔns fʊt /

noun

an 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.
Compare Clayton-Bulwer Treaty.

Origin of Hay-Pauncefote Treaty

named after J. M. Hay and Julian Pauncefote (1828–1902), English diplomat