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/Sounds like "TAHN" (as in "tar") + "dah" (as in "dart")/

Meaning

An informal rotating savings group in Mexico where each participant contributes a fixed amount regularly and receives the whole pot when their turn comes around. Community banking without the bank, built entirely on trust.

Examples

I joined a savings group for 500 pesos and it is my turn to collect in three weeks.

With the tanda I saved enough for the down payment on a car.

Word family
Regional synonyms

To chug an entire drink in one go, usually under group pressure at a party or gathering. In Mexico, yelling "¡fondo!" at someone is a collective command: drink the whole thing without stopping while everyone counts you down. The Mexican version of "chug, chug, chug."