Definition, Meaning & Synonyms

fiado

noun

fee-AH-doo

Definition

A term used primarily in Portuguese-speaking countries to refer to a type of credit or borrowing arrangement. It typically involves a transaction where goods are provided to a customer with the understanding that payment will be made later.

Examples

She was able to buy groceries fiado at the local market.
Many stores offer fiado for regular customers who they trust.
He was embarrassed when he couldn’t pay back the fiado he had taken earlier.

Meaning

In context, ‘fiado’ implies trust between the seller and the buyer; the seller allows the buyer to take the goods without immediate payment, often relying on the buyer’s promise to pay later.