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Yerba mate
Pronounced [yer-bah mah-teh] (or [sher-bah mah-teh] in Rioplatense Spanish). Also known as Ilex paraguariensis, a holly plant natively grown in South America, paricularly in Northern Argentina, Paraguay and Southern Brazil (the term erva mate is used there more often). Yerba mate is used to make a beverage known as mate in Spanish, or chimarrão in Portugese. Oftenly, the term yerba mate is used to describe not only a plant, but also a final product of grinding, drying and aging the plant. Wikipedia article
Mate
Pronounced [mah-teh]. Traditional South American caffeine-rich infused drink, very popular in Argentina, Paraguay, Uruguay and Southern Brazil (the term chimarrão is used there more often). It is prepared by steeping dried leaves of yerba mate in the gourd. Sometimes the gourd itself is referred to as mate. Wikipedia article
Tereré
Infusion of yerba mate, similar to mate but prepared with cold water and ice. Most popular way of consuming yerba mate in Paraguay. Usually is drank with addition of yuyos from guampa. Wikipedia article
Chimarrão
Pronounced [shi-me-heu]. Mate in Portugese. Usually the term chimarrão is used to describe Brazilian way of preparing mate, using erva mate, cuia and bomba.