hundi


hun·di

H5343350 (ho͞on′dē)n. pl. hun·dis 1. 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.2. A bill of exchange in South Asia.
[Hindi and Urdu huṇḍī, bill of exchange, promissory note, from Persian hunduvī, hindavī, from variant of hinduvī, hindūvī, Indian, from hindū, Indian, from Hind, India; see Hindi.]