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/Sounds like "koo" (as in "cool") + "choo" (as in "choose") + "BAHL" (as in "bar")/

Meaning

A shared fund among friends or coworkers to buy something or celebrate. Everyone contributes, and everyone benefits.

Examples

They set up a shared fund for the birthday gift.

How much does each person put into the shared fund?

Regional synonyms

To lose everything at once: job, money, and home. In Argentina and Uruguay, "quedar en la calle" describes the worst economic fall, a total collapse that leaves someone with nothing. The phrase gained especially heavy weight during the 2001 Argentine financial crisis.