Chavos
Money — the everyday Puerto Rican word for cash, from an old Spanish copper coin, and older than the dollar it now counts.
Related lesson: Puerto Rican Spanish: A Survival Guide.
Hear it in context
No tengo chavos hasta que me paguen.
I've got no money until I get paid.
¿Cuántos chavos te costó?
How much did it set you back?
Eso no vale un chavo.
That's not worth a penny.
What It Actually Means
Chavos is money, in the plain, everyday, no-attitude sense: what is in your account, what you are short of, what something costs. It behaves as a plural mass noun — tener chavos, no hay chavos, gastar chavos — and it is what Puerto Ricans actually say where a textbook would put dinero. In the singular, un chavo is a cent, and it survives mostly in fixed dismissals: no vale un chavo, no tengo un chavo.
Where It Comes From
From ochavo, a small Spanish copper coin of the imperial period — the name reflects an eighth part — which lost its first syllable in Caribbean speech to give chavo. That history matters here: the word arrived with Spanish coinage and was already in use for small change long before the United States took the island in 1898 and the dollar replaced the Spanish and later Puerto Rican peso. So chavos is not, as people sometimes assume, a bit of American-era slang; the dollar simply inherited a word that was waiting for it. The related chavo prieto — the “dark” copper coin — is heard mainly in the old formula no vale un chavo prieto.
How Natives Use It
Constantly and neutrally. It is informal but not coarse, and it appears in complaints (estoy sin chavos), in questions about price (¿cuántos chavos?), and in the standing joke of anybody’s twenties, los chavos no rinden — the money does not stretch. A cent is also a chavito, especially when talking to children or counting coins. It is shared with the Dominican Republic, though there cuartos and pesos do more of the work.
Common Pitfall
The banana skin is Mexico. In Mexican Spanish chavo means a young man or a kid, and chava a young woman — an entirely separate word, from chaval, by way of Caló — so no tengo chavos will be heard in Mexico City as a strange statement about a shortage of teenagers. Note also that Puerto Rico rarely uses the pan-Latin-American money words: plata and lana are understood but not native here, and asking for pasta will get you dinner.