In various Latin American countries, 'guacho' is a slang term that is used to refer to an orphan or someone who is unfortunate. However, in some countries like Argentina and Uruguay, it's used more colloquially to refer to a person in a friendly, informal way, similar to 'mate' or 'dude'.
Examples
- Spanish: ¿Cómo estás, guacho?
- English: How are you, mate?