Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun An informal system for transferring money, especially in South Asia, in which local agents disperse or collect money or goods on behalf of friends, relatives, or other agents without legal protection or supervision, trusting that all remaining obligations will be settled through future transactions.
- noun A bill of exchange in South Asia.
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
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Examples
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Under these trust-based arrangements known as hundi or hawala, a client pays a sum to a broker who orders another broker in the recipient country to disburse the same amount to the intended beneficiary.
The Seattle Times 2011
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Staff Reporter Temple 'hundi' nets Rs. 1.18 crore on fifth consecutive day; over 1.14 lakh devotees avail themselves of free meal
WN.com - Articles related to Music industry calls for more power to help troubled stars 2009
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Staff Reporter Temple 'hundi' nets Rs. 1.18 crore on fifth consecutive day; over 1.14 lakh devotees avail themselves of free meal
WN.com - Articles related to North meets South in couple's celebration of the Festival of Lights 2009
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Staff Reporter Temple 'hundi' nets Rs. 1.18 crore on fifth consecutive day; over 1.14 lakh devotees avail themselves of free meal
WN.com - Articles related to North meets South in couple's celebration of the Festival of Lights 2009
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La energa dirige la economa de las naciones y la meta de vida de Tesla, fue hacer la energa elctrica igualmente accesible y disponible para todas las personas en cualquier lugar del planeta y eso le hundi, le seal.
Archive 2009-12-01 admin 2009
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This claim and the information about the hundi rates and currencies in Multan prompt a tempering of the notion that money was only coined by states.
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier 2008
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For the various Indian banking communities, the hundi or bill of exchange was the primary instrument of network communication and the key vehicle for inter-market transactions.
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier 2008
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The first Anglo-Afghan war damaged relationships at the upper levels of financing involving hundi transactions between large private banking firms and colonial state treasuries in North India.
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier 2008
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The first or one of the first remittances to Dost Muhammad was for Rs. 3,00,000 and the British had difficulty securing reasonable hundi exchange rates from local bankers in Qandahar to finalize the transaction "due to the insecure and confused state of Afghanistan and Qandahar."
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier 2008
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Abd al-Rahman likely imposed his own value on and coerced the "sale" of the gold, and then issued the Shikarpuris a hundi payable in Peshawar from the subsidy account for that amount.
Connecting Histories in Afghanistan: Market Relations and State Formation on a Colonial Frontier 2008
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