A gift given at the New Year; a money gift or gratuity given at the beginning of the year, especially in France.
From French 'étrenne' (plural 'étrennes'), possibly from Latin 'strenua' (vigorous, lucky). Traditionally given to servants, postal workers, and others at New Year in French culture.
In 19th-century France, giving 'étrennes' was like an expected holiday bonus culture—it was less optional than Christmas gifts and more about wishing someone a lucky, vigorous new year!
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