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/Sounds like "mah" (as in "mark") + "TOO" (as in "tool") + "teh" (as in "ten")/

Meaning

In Colombia, smuggled goods or merchandise of questionable origin that entered the country without going through customs or paying taxes. A matute deal is profitable for those who know the border routes, and the word can also describe anything sketchy or off the books.

Examples

Everything at that stall is contraband, not a single receipt in sight.

They bought smuggled goods at the border and resold them as legitimate imports.

Word family
Regional synonyms
Bandera de México
Bandera de Estados Unidos
Fayuca
Bandera de Argentina
Bagayo

Low quality, bootleg, something that doesn't work or breaks on the first use in Mexico. It's the standard Mexican adjective for everything that's cheap and bad: chafa Chinese products, chafa clothes, chafa ideas.