Top Definition
1. A person who backs down from a fight or a confrontation; a ranker; a leva; a pussy.

2. Another name for a U.S. quarter (coin).

(Peseta has its origins in L.A. slang primarily used by Chicanos, and Mexicans, but spreading in popularity amongst other groups).
1. Homie #1: When I went up that vato and hit him up for doggin' me, the fucken ranker started running like a lil bitch.

Homie #2: Ha! Ha! Fuckin peseta, homes. You put him on the leva, ese.

2. Ey, carnal, trais una peseta? Necesito lavar mis calcetines.
Trans.: Hey, bro, do you have a quarter? I need to wash my socks.
by El Muñeco December 08, 2005

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Lotsa space for your liquids.

Buy the mug

The Urban Dictionary Mug

Your favorite word on a white mug.

Create a mug

The Urban Dictionary Mug

One side has the word, one side has the definition. Microwave and dishwasher safe. Lotsa space for your liquids.

Buy the mug

The Urban Dictionary T-Shirt

Soft and offensive. Just like you.

Buy the t-shirt

The Urban Dictionary T-Shirt

Smooth, soft, slim fit American Apparel shirt. Custom printed. 100% fine jersey cotton, except for heather grey (90% cotton).

Buy the t-shirt