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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
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Pronunciation
həˈwɑːlə
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Meaning
Definitions
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”
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Example Sentences
terrorists make extensive use of hawala