Cognac/ˈkəʊnjæk/ Definition 1 of 2Pro Tip 1/3Celebratory Drink Cognac is often consumed on special occasions or celebrations. Toasting with a glass of cognac, they marked their anniversary. Pro Tip 2/3Premium Spirit Cognac is seen as a premium or luxury spirit, often associated with higher social status. At the company gala, the executives sipped on fine cognac. Pro Tip 3/3After-Dinner Drink Cognac is commonly enjoyed after meals as a digestif to aid in digestion. We had coffee and cognac after the lavish meal.