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havala

Line breaks: ha¦vala
Pronunciation: /hʌˈveɪlə
 
/

Definition of havala in English:

noun

Indian
Another term for hawala. smugglers finance their purpose through havala [as modifier]: in such a regime the havala market would vanish
More example sentences
  • The fake bank draft case has allegedly turned out to be a case of a huge havala operation having international dimensions.
  • Apart from flaunting his riches, he was also fishing for new clients for his havala business.
  • Abid in his statement to the ED admitted that he had been dealing through havala channels for over a year now.

Origin

from Hindi havālā.

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