tesebonos

tesebonos
 . Mexican bonds that are convertible to dollars.
 ► “In the aftermath of the peso crisis financial market readers learned a new word, tesebonos. These short-term notes issued by the Mexican government were denominated in pesos but their value was indexed to the U.S. dollar. In effect the Mexican government was assuming the risk of devaluation.” (Understanding NAFTA and Its International Business Implications, 1996, p. 307)

American business jargon. 2014.

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