stokvel

UK:**UK and possibly other pronunciationsUK and possibly other pronunciations/ˈstɒkˌfɛl/


Collins Concise English Dictionary © HarperCollins Publishers::
stokvel /ˈstɒkˌfɛl/ n
  1. South African an informal savings pool or syndicate, usually among Black people, in which funds are contributed in rotation, allowing participants lump sums for family needs (esp funerals)
Etymology: 20th Century: of uncertain origin

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