kameti
Pluralkametis
- 1An informal savings club, common in Pakistan, in which members contribute a fixed sum each month and take turns receiving the entire pool.
Like a group of friends taking turns winning the whole jackpot that everyone paid into.
Several women in the neighborhood run a kameti and pool their savings together each month.
When her number came up, the kameti paid out enough to cover the hospital bills.
Note
English lent this word and got it back transformed: Urdu kameṭī comes from committee, and it returns naming a members' savings circle rather than a body that meets to decide things. In finance it is one kind of ROSCA, a rotating savings and credit association. In English it takes the plural kametis, and one usually runs a kameti, much as one would run a committee.
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Origin
Borrowed from Urdu کَمیٹی (kameṭī), which itself came from the English word "committee."