[ noun ] a tortilla chip topped with cheese and chili-pepper and broiled <noun.food>
nacho \nacho\ n. A tortilla chip topped with cheese and often chili-pepper or beans and then broiled; -- eaten as a snack or light meal. [WordNet 1.5 +PJC]
The entrepreneurial Mr. Wilson has expanded it by adding a nacho corn chip and jalapeno pepper dip company, a time share resort in Florida and a savings and loan association, among others.