After months of waiting, Kourtney Kardashian and Scott Disick's baby girl has finally arrived!

Penelope Scotland Disick was born on Sunday, July 8, weighing in at 7 pounds, 14 ounces, and joins big brother Mason, 2.

"Scott and I are overjoyed to welcome our precious angel Penelope Scotland Disick into our lives. We are forever blessed. Mommy and baby are resting comfortably," Kardashian told E! News.

Our friends over at Nameberry.com have broken down the meaning behind the name of Kardashian's baby girl:

[Kardashian] made it clear from her first pregnancy that she was going to break away from the family’s K-name "kurse," which she did with her choice of Mason three years ago. Mason was then Number 34 on the popularity charts but is now the second most popular boys’ name in the country -- and could well be in first place next year, and Kardashian gets much of the credit.

And the same thing could happen with Penelope, a Greek classic [meaning "weaver"] that was given new life first by the sensual image of Penelope Cruz, and then by being the baby name choice of Tina Fey last year. Penelope -- long associated with the patient, long-suffering wife of Odysseus in Homer’s "Odyssey" -- has been a 21st Century success story. It wasn’t even in the Top 1,000 from 1976 to 2001, but has been climbing rapidly since then, and is now at #169.

Though baby Penelope is less than two days old, we're already wondering what nicknames Kardashian and Disick will bestow upon their darling daughter. According to Nameberry, they could go with the trendy nickname Penny, while other options could include Nell or Poppy.

As for the baby's middle name, Scotland, it's most likely a play on dad Scott's first name.

For more on Kardashian's baby name, head over to Nameberry.

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