potlatch
Concise Oxford English Dictionary © 2008 Oxford University Press:
potlatch/ˈpɒtlatʃ/
▶noun (among some North American Indian peoples) a ceremonial feast at which possessions are given away or destroyed to display wealth or enhance prestige. ▶verb hold a potlatch.
– origin Chinook Jargon, from Nootka p'ačitł ‘make a gift at a potlatch’.
'potlatch' also found in these Oxford entries:

