Definition of centavo in English:
noun (plural centavos)
A monetary unit of Mexico, Brazil, and certain other countries (formerly including Portugal), equal to one hundredth of the basic unit.
- Importers will pay about 8 centavos more to acquire dollars.
- In Mexico we only pay centavos for such small bunches.
- The figure is based on an average price increase of 1.66 dollars a barrel for oil and the depreciation of the peso by 33 centavos in the last quarter of 1999, according to the group.