Definition of Panhonlib in US English:

Panhonlib

(also PanHonLib)

adjective

rare
  • Of, relating to, or designating merchant shipping flying a flag of convenience from Panama, Honduras, or Liberia (or occasionally other countries). Also as noun Compare Panlibhonco.

Origin

1950s; earliest use found in Fortune. From Pan- + Hon- + Lib-.

Pronunciation

Panhonlib

/ˌpanhɒnˈlɪb/