Panama

When referring to the sovereign nation, the word is a proper noun and is always capitalized. It carries a strong geopolitical association with the canal, often appearing in contexts related to international trade, maritime logistics, and Central American diplomacy.

When referring to the straw hat, the word is a common noun and is typically written in lowercase. This usage is specific to fashion and tropical attire, denoting a high-quality weave. Users should be careful not to confuse the origin of the hat with the country, as the product is traditionally crafted in Ecuador despite its name.