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chit fund

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Entry from British & World English dictionary

Definition of chit fund in English:

noun

(In South Asia) an institution which accepts savings at interest and lends money for house and other purchases.

Origin

chit from chit1.

Definition of chit fund in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words