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banking system vs hawala

hawala vs banking system

banking system and hawala both are nouns.

Word NounAdjectiveVerbAdverb
banking system Yes No No No
hawala Yes No No No
As nouns, hawala is a hyponym of banking system; that is, hawala is a word with a more specific, narrower meaning than banking system:
  • banking system: banks collectively
  • hawala: 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
Other hyponyms of banking system include Farm Credit System, FCS.
banking system (noun) hawala (noun)
banks collectively 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
Difference between banking system and hawala

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