noun
- plural of milesimo; one-thousandth part of a unit, especially a monetary unit in some Spanish-speaking countries
Usage: Spanish/Latin American currency context; historical or regional usage
Examples
- The old currency was divided into milesimos for smaller transactions.
- Historical records show that milesimos were used in colonial Spanish American commerce.
- The exchange rate was calculated down to the milesimos.
- Merchants kept careful accounts in milesimos and larger denominations.