peso Definition
peso (pā′sō; Sp pe′sō̂)
noun pl. -·sos′-sōz′; Sp, -sō̂s
the basic monetary unit of:
- Argentina
- Chile
- Colombia
- Cuba
- the Dominican Republic
- Mexico
- the Philippines
- Uruguay
Etymology: Sp, lit., a weight < L pensum, something weighed < neut. pp. of pendere: see pension
peso Synonyms
peso Finance Definition
The
currency unit of Argentina, comprised of 100 centavos. The currency unit of
Chile, Columbia, Cuba, Dominican Republic, Mexico, the Philippines, and
Uruguay, comprised of 100 centesimos.
peso Usage Examples
Converse of object
- pay: We paid 950 pesos for the large room with hot water bath.
- cost: Supplements are produced to aid those studying, a million of which have been sold for the English course costing only 2.50 Cuban pesos.
- devalue: And devaluing the peso could boost inflation, as imported goods will become much more expensive.
- peg: But the decision in 1991 to peg the peso to the US dollar boosted confidence - investors deemed dealing in greenbacks a safer bet.
- save: Starting with his own family whom he convinced to save even five pesos regularly, Miloy was soon able to recruit two groups.
- spend: Three out of ten pesos spent in Mexico are spent in a Wal-Mart.
Adjective modifier
- convertible: At one point, the exchange rate reached 28 pesos to the convertible peso in a number of provinces.
- Cuban: Dollars must now be exchanged for Cuban pesos where a 10 per cent commission will be charged.
- Argentine: The Argentine peso has been linked at one-to-one to the US dollar since the early 1990s as part of an effort to beat hyperinflation.
- Mexican: I asked if I would be able change some Guatemalan money into Mexican pesos inside Mexico.
- few: Drop a few pesos in the hat of their sidekick - there are no safety nets here.
- Chilean: Tips are best paid in US cash or in Chilean pesos.
Modifies a noun
- crisis: Since the Mexican peso crisis, the IMF has led the international response to financial crises.
- rate: Exactly as with the products in the detailed example, the dollar value would change when the peso rate changes.
- p.p.: This reserve ( entrance fee 40 peso p.p. ) offers access to medium height tropical forest via 3 km of well-maintained trails.
- devaluation: President Ernesto Zedillo's savage 1995 peso devaluation threw the Mexican economy into a 1930s-style depression.
Preposition: per
- person: Another guard mysteriously appeared requesting 50 pesos per person.
- liter: In the south we had to pay only 0.35 peso per liter!
Noun used with modifier
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