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- 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 and as a bill of exchange in trade transactions. The Reserve Bank of India describes the Hundi as "an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the order."
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"hundi." Anagrams.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.anagrams.net/hundi>.
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