Usually means: South American economic and political bloc.
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We found 20 dictionaries that define the word mercosur:

General (7 matching dictionaries)
  1. mercosur: Longman Dictionary of Contemporary English
  2. Mercosur: Oxford Learner's Dictionaries
  3. Mercosur: Collins English Dictionary
  4. Mercosur, mercosur: Wordnik
  5. Mercosur: Dictionary.com
  6. MERCOSUR, Mercosur: Wikipedia, the Free Encyclopedia
  7. Mercosur: TheFreeDictionary.com

Business (7 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Mercosur: Webster's New World Finance & Investment Dictionary
  3. Mercosur: Bloomberg Financial Glossary
  4. Mercosur: Financial dictionary
  5. Glossary of Trade and Shipping Terms (No longer online)
  6. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. Mercosur: Encyclopedia

Miscellaneous (3 matching dictionaries)
  1. CIA World Factbook (No longer online)
  2. MERCOSUR: Acronym Finder
  3. AbbreviationZ (No longer online)

Tech (2 matching dictionaries)
  1. AUTOMOTIVE TERMS (No longer online)
  2. Glossary of Agricultural Terms, Programs and Laws (No longer online)

Definitions from Wikipedia (Mercosur)

noun:  The Southern Common Market, commonly known by Spanish abbreviation Mercosur, and Portuguese Mercosul, is a South American trade bloc established by the Treaty of Asunción in 1991 and Protocol of Ouro Preto in 1994.

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