Meaning

noun a check given by the British government to someone who is unemployed; it can be cashed either at a bank or at the post office

noun a British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so

originVia German, from Italian giro (“circulation”), from Latin gyrus (“circle”), from Ancient Greek γῦρος (gûros, “circle”), from Proto-Indo-European *gew- (“to curve, to bend”).

Etymology from Wiktionary, CC BY-SA 3.0