1. 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
   "terrorists make extensive use of hawala"

Type of: banking industry, banking system

Encyclopedia: Hawala

• pull down
• pull in one's horns
• pull off
• pull one's weight
• pull out all the stops
• pull round
• pull someone's leg
• pull strings
• pull tab
• pull the leg of
• pull the plug
• pull the wool over someone's eyes
• pull together
• pull up
• pull up short
• pull up stakes
• pull wires
• pull-in
• pull-through
• pullback
• puller
• pullet
• pulley
• pulley-block
• pulling