halawa

halawa (h[schwa]-lah-w[schwa]), n. [Hindi] A system for transferring money, usu. across national borders, based on trust and operating through networks based on family relationships or on regional or ethnic affiliations rather than through banks and financial institutions. • The system originated in India before the introduction of western banking practices. It is commonly used in immigrant communities. In Indian and Pakistani usage, “white halawa” refers to legitimate transactions and “black halawa” refers to money-laundering. — Also termed hundi.

---

词条贡献者

法律翻译Cathy，在一家英国银圈所担任专职法律翻译，擅长翻译有关城市基础设施领域的法律文件。