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.

Check out other stars who are expecting below:

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  • Jenna Dewan-Tatum

    Jenna and her husband Channing Tatum are expecting their first baby together next year, <a href="http://www.huffingtonpost.com/2012/12/17/jenna-dewan-tatum-pregnant-channing-tatum-first-child_n_2316443.html?1355766274">their reps confirmed</a>. Channing's next title? Sexiest daddy alive.

  • Jessica Simpson

    Jessica announced that <a href="http://www.huffingtonpost.com/2012/12/25/jessica-simpson-pregnant-baby-maxwell-photo_n_2362558.html">she's expecting her second baby</a> on Christmas. She and fiance Eric Johnson have a seven-month-old daughter Maxwell.

  • Kim Kardashian

    The reality star is expecting her first child with boyfriend Kanye West. She confirmed the happy news on Dec. 31, <a href="http://kimkardashian.celebuzz.com/2012/12/31/new-year-new-beginnings-kim-kanye-pregnant-first-child-expecting-baby/">writing on her blog</a>, "It’s true!! Kanye and I are expecting a baby. We feel so blessed and lucky and wish that in addition to both of our families."

  • Fergie & Josh Duhamel

    The couple announced their baby news on Twitter Feb. 18, after weeks of speculation.

  • Penelope Cruz

    The actress is expecting her second child with husband Javier Bardem. The couple already has a 2-year-old son Leo.

  • Danneel Harris and Jensen Ackles

    The former "One Tree Hill" star and the "Supernatural" actor are expecting their first child later this year.

  • Evan Rachel Wood

    The actress is <a href="http://www.huffingtonpost.com/2013/01/11/evan-rachel-wood-pregnant-jamie-bell_n_2456954.html">expecting a baby</a> with her new husband Jamie Bell.

  • CaCee Cobb & Donald Faison

    Jessica Simpson's best friend Cacee Cobb and new husband Donald Faison are expecting their first child together. The couple of six years married in December in the backyard of Faison’s "Scrubs" co-star Zach Braff.

  • Tracy Morgan

    The actor and comedian and his model fiancée Megan Wollover are expecting their first child together early this summer.

  • Halle Berry

    Berry is expecting her first child -- a boy -- with fiance Olivier Martinez. She is already the proud mommy of 5-year-old daughter, Nahla.

  • Jamie-Lynn Sigler

    Sigler and her brand new fiance Cutter Dykstra are expecting their first child together.

  • Hilaria & Alec Baldwin

    The couple announced that <a href="http://celebritybabies.people.com/2013/02/12/alec-baldwin-hilaria-baldwin-pregnant-expecting-baby/">they're expecting their first child</a> together. Alec already has a 17-year-old daughter, Ireland, with ex Kim Basinger.

  • Kate Middleton

    The Duchess of Cambridge is <em>officially</em> expecting her first child with Prince William! The mom-to-be is <a href="http://www.huffingtonpost.com/2012/12/03/hyperemesis-gravidarum-kate-middleton-pregnant_n_2234099.html">suffering from Hyperemesis Gravidarium</a>, a rare maternity condition which brings on severe nausea, vomiting, weight loss, dehydration, lightheadedness and fainting.

  • Mario Lopez & Courtney Mazza

    The newlyweds are expecting their second child, Mario revealed. “I am the happiest father in the world," <a href="http://www.extratv.com/2013/02/19/mario-and-courtney-lopez-expecting-baby-no-2/">he told Extra</a>. "We cannot wait to welcome baby Lopez number two into our lives.”

  • Mark-Paul Gosselaar

    The "Saved by the Bell" star and his wife Catriona McGinn are expecting their first child together this September. Gosselaar is already a dad to two kids -- son Michael, 9, and daughter Ava, 6 -- with ex-wife Lisa Ann Russell.

  • JoAnna Garcia and Nick Swisher

    The couple is expecting their first child in the spring of 2013, they announced on Twitter. "So happy to finally be able to share our news! @NickSwisher & I r expecting our 1st baby in 2013!" <a href="https://twitter.com/JoAnnaLGarcia">Garcia wrote</a>. "Feeling so blessed & beyond excited!"

  • Jamie Anne and Marshall Allman

    "The Killing" star and the "True Blood" actor are expecting twins in the spring of 2013.

  • Busy Philipps

    The "Cougar Town" star is <a href="http://www.huffingtonpost.com/2012/12/10/busy-philipps-pregnant-cougar-town-star-expecting-second-child_n_2272754.html">expecting her second child</a> with husband Marc Silverstein.

  • Heather Morris

    According to Us Weekly, Heather Morris, 26, and longtime beau Taylor Hubbell are expecting their first child.

  • Ivanka Trump

    Trump and her husband Jared Kushner <a href="http://www.huffingtonpost.com/2013/04/11/ivanka-trump-pregnant-second_n_3060630.html?utm_hp_ref=celebrity" target="_blank">are expecting their second child</a> this fall.

  • Sarah Wright

    Wright and her husband Eric Christian Olsen are expecting a baby boy in August, <a href="http://celebritybabies.people.com/2013/04/17/eric-christian-olsen-expecting-son/" target="_blank">People confirms</a>.

  • Kyla Weber

    Vince Vaughn's wife <a href="http://www.huffingtonpost.com/2013/04/27/vince-vaughn-baby-actor-wife_n_3169237.html?utm_hp_ref=celebrity" target="_blank">is expecting the couple's second child</a> in August. The pair already has a daughter Locklyn.

  • Jaime King

    The "Hart of Dixie" star is expecting her first child with husband Kyle Newman.

  • Rachel Leigh Cook

    The "She's All That" star and her husband Daniel Gillies are expecting their first child this fall.

  • Monica

    Monica is expecting her first child with husband Shannon Brown, but she's already mom to sons Rocko, who turns 8 later this month, and Romelo Montez, 5.