The Collaborative International Dictionary of English v.0.48:
Panada \Pa*na"da\, Panade \Pa*nade"\, n. [Sp. panada, fr. L.
panis bread: cf. F. panade. See Pantry.]
Bread boiled in water to the consistence of pulp, and
sweetened or flavored. [Written also panado.]
[1913 Webster]