Associations to the word «Hawala»

Wiktionary

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

Dictionary definition

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".

Wise words

A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in color and content according to the circumstances and time in which it is used.
Oliver Wendell Holmes, Jr.