Meaning & Definition of word "Peso"

noun:

• 1. The basic monetary unit of several Latin American countries and the Philippines.
  • Example: I exchanged my dollars for pesos at the currency exchange.
• 2. The name of the currency in various countries, including Mexico and Argentina.
  • Example: The cost of living in Mexico can vary widely, depending on whether you are using pesos or dollars.
• 3. A coin or banknote of this currency.
  • Example: She found an old peso in her pocket while cleaning her jacket.