hawala
hawala · hawalas
A long-established informal system of money transfer from South Asia and the Middle…A long-established informal system of money transfer from South Asia and the Middle East, still in use by migrant workers.
/həˈwɑːlə/
Meaning
1 senses(countable, uncountable)A long-established informal system of money transfer from South Asia and the Middle East, still in use by migrant workers.
More definitions
- an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction
Origin
Borrowed from Arabic حَوَالَة (ḥawāla, “transfer, trust”).Borrowed from Arabic حَوَالَة (ḥawāla, “transfer, trust”).
Wiktionary, CC BY-SA 4.0 · source
Forms
plural: hawalasWord family
1 related wordsDerivedhawaladar
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable