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hawala
Definitions
[haˈwɑːlə], (Noun)
Definitions:
- a traditional system of transferring money used in Arab countries and South Asia, whereby the money is paid to an agent who then instructs an associate in the relevant country or area to pay the final recipient
Phrases:
Origin
:
from Arabic ḥawāla, literally ‘assignment, bill of exchange’
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definition by Oxford Dictionaries