# kameti

Pronunciation: say "kuh-MAY-tee" /kəˈmeɪti/

## Noun

1. An informal savings club, common in Pakistan, in which members contribute a fixed sum each month and take turns receiving the entire pool.
   - Simple: A group money-saving plan where members pay in each month and take turns getting the whole amount.
   - _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._

## Origin

Borrowed from Urdu کَمیٹی (kameṭī), which itself came from the English word "committee."

Source: DictionaryAI, https://dictionaryai.com/define/kameti (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).