| / English Dictionary |
HAWALA
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
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
Example:
terrorists make extensive use of hawala
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("hawala" is a kind of...):
banking industry; banking system (banks collectively)
Domain category:
act of terrorism; terrorism; terrorist act (the calculated use of violence (or the threat of violence) against civilians in order to attain goals that are political or religious or ideological in nature; this is done through intimidation or coercion or instilling fear)
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