Top Definition
When something is defective or breaks on you when it's past the date of exchange policy or warranty, you buy another one of the exact same item and then return the damaged item using the new reciept.

*Explained to me by my Mexican-American friend.
Dude: Dang Bro, my USB flash drive just failed :-/

Bro: Dude, just buy another one from Amazon and return the dead one for a refund... it's called The Mexican exchange!
by TinyT187 February 11, 2010

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from We'll never spam you.