stokvel
/ˈstɒkfɛl
/noun
1(In South Africa) a savings or investment society to which members regularly contribute an agreed amount and from which they receive a lump sum payment.The Democratic Alliance urged the PIC to use ideas it had submitted to create a share distribution mechanism targeting stokvels and burial societies representing 2,5 million and eight million South Africans respectively....
- He says because of the interest rates, he is no longer committed to the Stokvel group he belongs to.
- According to the Department of Public Enterprises, historically disadvantaged individuals and stokvels will get preference to buy shares in terms of the offer.
1.1(In South Africa) a society formed to hold regular parties that are funded by the members and generate profits for the hosts.Among adults, stokvels (voluntary or common-interest associations) provide financial assistance, friendship, and recreation....
- But perhaps the most common form of stokvel amongst both rich and poor were weekend parties for which entry sums were paid.
- Others, such as stokvels, youth and women's organisations, show increased levels of membership.
1.2A party held by a stokvel.The wife attends a ‘kitchen party’ - a stokvel - with a group of neighbourhood women....
- Some 22% attended or hosted traditional ceremonies in the past month and 21% attended a stokvel, umgalelo or burial society in the past month.
Origin
From an Africanized pronunciation of stock-fair, denoting a periodical gathering of buyers and sellers of livestock.
- threefold
- three-handed
- three-hanky
- three-legged race
- three-line whip
- Three Mile Island
- three-mile limit
- three-parent
- three parts
- three-peat
- threepence
- threepenny
- threepenny bit
- three-phase
- three-piece
- three-ply
- three-pointer
- three-point landing
- three-point turn
- three-pronged
- three-quarter
- three quarters
- threequel
- three-ring circus
- threescore