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/Sounds like the English word "regat" + "eh" (as in "egg") + "AHR" (as in "art")/

Meaning

To haggle or bargain over the price of something until the seller comes down. In Latin American markets, regateando is almost a social ritual and a practical skill: anyone who doesn't do it is leaving money on the table and missing half the experience. Refusing to bargain marks you immediately as a tourist.

Examples

You're not going to haggle? They're trying to charge you double what it's worth!

I bargained for half an hour and got fifty pesos knocked off the price.

Regional synonyms

A cockfighting arena or the main concert stage at a regional fair in Mexico. The palenque is the beating heart of action at Mexican ferias, whether you are watching roosters fight or catching a famous banda or norteño act. Both meanings carry the same rowdy, electric crowd energy.