Share this entry

Share this page

hawala

Saltos de línea: ha¦wala
Pronunciación: /haˈwɑːlə
 
/

Definición de hawala en inglés:

sustantivo

[mass noun]
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.
Example sentences
  • U.S. aid and a crackdown on invisible hawala money transfers lifted Pakistan's economy.
  • To move large sums of money, they can avoid the banking system by using hawala money movers or couriers.
  • Money laundering in the Indian Ocean basin relies upon a traditional alternative banking system known as hawala or hundi, which makes it difficult to trace money transfers.

Origen

from Arabic ḥawāla, literally 'assignment, bill of exchange'.

Definición de hawala en:

Share this entry

Share this page

 

¿Qué te llama la atención de esta palabra o frase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Obtenga más de Oxford Dictionaries

Suscribirse para eliminar anuncios y acceder a los recursos premium

Palabra del día odium
Pronunciación: ˈəʊdɪəm
noun
widespread hatred or disgust for someone…