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Defenition of the word hawala

    • Defenition of the word hawala

      • 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"
      • 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

    Hypernyms for the word hawala

      • banking industry
      • banking system

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