Usage Note
Olivo is the tree; aceituna or oliva is the fruit (the olive you eat). In formal or literary contexts oliva can also name the tree, but olivo is the everyday standard. The branch of the olive tree (rama de olivo) is a universal symbol of peace — ofrecer una rama de olivo means 'to extend an olive branch'.
Examples
"El olivo puede vivir cientos de años."
Natural Translation
The olive tree can live hundreds of years.

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