Reference meaning
stokvel
Last updated
A small, informal syndicate of people who regularly contribute money to a shared fund of savings.
Other meanings
2. noun
Such a group in which members periodically take turns in drawing money from the accumulated fund.
Source and scope
This definition is reproduced from English Wiktionary, sense en-stokvel-en-noun-en:small_informal_syndicate_in_South_Africa, under the CC BY-SA 4.0. It has not yet received VocabularyBase editorial review. Read the source and license details.