[pan-i-toh-nee; Italian pah-net-taw-ne]
noun, plural panettones [pan-i-toh-neez] . Italian, panettoni [pah-net-taw-nee] .
an Italian yeast-leavened bread, traditionally eaten on holidays, usually made with raisins, candied fruit peels, almonds, and brandy.

1920–25; < Italian, derivative of panetto ‘little loaf’, equivalent to pan(e) bread (< Latin pānis) + -etto diminutive suffix Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
panettone (pænəˈtəʊnɪ, Italian panetˈtoːne)
n , pl -nes, -ni
a kind of Italian spiced brioche containing sultanas: traditionally eaten at Christmas in Italy
[Italian, from panetto small loaf, from pane bread, from Latin pānis]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
They also make fruit-studded panettone, croissants, and butter cookies.
Made with panettone, it is served warm with white chocolate melting across the top.
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