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What is a centavo?

What is a centavo? Here are some definitions.

Noun
  1. Currency unit (hundredth of a peso) in Mexico
  2. A similar subdenomination of various other currencies.
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Examples
Not one centavo of the help received for peace with justice and dignity has been used for war.
I toss her a centavo, and she allows me to kodak herself and child.
Nation has interesting monetary system based on peso with peso being worth 100 centavos and centavo being worth nothing.
They also sell four centavo stamps for two and three centavos.
So she won every ounce, dollar, real, and centavo they had in their pockets!
Not one centavo of the funds appropriated had ever been expended.

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