HAWALA

hawala

(noun) 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; “terrorists make extensive use of hawala”

Source: WordNet® 3.1


Etymology

Noun

hawala (uncountable)

A long-established informal system of money transfer from India and the Middle East, still in use by migrant workers.

Anagrams

• Halawa, halawa

Source: Wiktionary



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Word of the Day

23 November 2024

THEORETICAL

(adjective) concerned primarily with theories or hypotheses rather than practical considerations; “theoretical science”


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Coffee Trivia

In 1884, Angelo Moriondo of Turin, Italy, demonstrated the first working example of an espresso machine.

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