[ noun ] a meter in a taxi that registers the fare (based on the length of the ride) <noun.artifact>
taximeter \taximeter\ n. 1. a meter in a taxi that registers the fare (based on the length of the ride). [WordNet 1.5]
Figuring out that the city needed about 15,000 taximeters, Mr. Caceda arranged a deal whereby an Italian company would eventually set up its own taximeter plant in Peru using progressively more Peruvian parts.