chit fund

Noun

Meaning

chit fund (plural chit funds)

(finance) A banking system popular in South Asia whereby a group of individuals agree to save or borrow together for a specified amount of time.
English Wikipedia has an article on:chit fundWikipedia

Source: en.wiktionary.org

Close letter words and terms

Chisum Chiswick chit chit with a gluey top chit with a gummy top chit-chat