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The Collaborative International Dictionary
Propination

Propination \Prop`i*na"tion\, n. [L. propinatio. See Propine.] The act of pledging, or drinking first, and then offering the cup to another. [Obs.]
--Abp. Potter.

Wiktionary
propination

n. 1 (context historical English) The right to distill spirits. 2 (context obsolete English) The act of pledge, or first drinking and then offering the cup to another.