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palo cortado

noun
  1. a rich, dry sherry
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Word Origin

Spanish, literally: crossed stick (referring to the classification system in which butts of palo cortado are marked with a vertical line and one or more horizontal lines)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012