hawala

/həˈwɑlə/
IPA guide

Definitions of hawala
  1. 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
    see moresee less
    type of:
    banking industry, banking system
    banks collectively
Cite this entry
Style:
MLA
  • MLA
  • APA
  • Chicago

Copy citation
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘hawala'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
Word Family