What do you understand by the term hundi?
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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
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technically Hyundai is 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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