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Promissory note in India
Answer for the clue "Promissory note in India ", 5 letters:
hundi
Word definitions for hundi in dictionaries
Wiktionary
Word definitions in Wiktionary
n. hawala (informal system of money transfer from India and the Middle East)
Wikipedia
Word definitions in Wikipedia
A hundi is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money ...
Usage examples of hundi.
The Hundi banking system, an underground, off-the-books network of money changers in the bazaar, handles more capital than the official banks, and is a convenient means for laundering drug profits.