n. In the monetary system of Italy, the hundredth part of a lira; in that of Spain, the hundredth of a peseta: in both equal to the French centime, the hundredth part of a franc, or about one fifth of a United States cent.n. A money of account in some South American countries, about equal to a United States cent. In the Argentine Republic and Uruguay it is the hundredth part of a peso; in Peru, of a sol.