Certainly! The term "Peter Minuit" refers to a historical figure rather than a common English word. Let's break it down for better understanding:
Peter Minuit (noun): He was a Dutch colonist known for purchasing Manhattan Island from the Native Americans for the equivalent of $24 in 1626. He served as the director of the New Netherland colony.
Peter Minuit is an important historical figure in American history, particularly regarding the early interactions between European settlers and Native Americans.