Definition of stokvel noun from the Oxford Advanced Learner's Dictionary



BrE BrE//ˈstɒkfel//
; NAmE NAmE//ˈstɑːkfel//
(South African English)
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a group of people who agree to pay regular amounts of money and take turns to receive all or part of what is collected Word Originfrom an Africanized pronunciation of stock-fair, denoting a periodical gathering of buyers and sellers of livestock.