vostro account — ➔ account1 * * * vostro account UK US noun [C] BANKING ► an account that a bank holds in its own currency for a bank in another country → Compare NOSTRO ACCOUNT(Cf. ↑nostro account) … Financial and business terms
vostro account — /ˈvɒstroʊ əkaʊnt/ (say vostroh uhkownt) noun Finance an account conducted by a bank in one country with a bank in a foreign country and recorded in the currency of the original country. Compare nostro account. {Italian vostro your + account} …
Vostro Account — The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account. Vostro is latin for yours … Investment dictionary
vostro account — A bank account held by a foreign bank with a UK bank, usually in sterling. Compare nostro account … Big dictionary of business and management
vostro account — / vɒstrəυ əˌkaυnt/ noun an account held by a correspondent bank for a foreign bank. ⇒ nostro account … Dictionary of banking and finance
Vostro account — An ISO term. See preferred term Loro accounts … International financial encyclopaedia
Nostro and Vostro Account — Nostro and Vostro (Middle Italian, from Latin, noster and voster ; English, ours and yours ) are accounting terms used to distinguish an account you hold for another entity from an account another entity holds for you. The entities in question… … Wikipedia
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Nostro and vostro accounts — Nostro and vostro (Italian, from Latin, noster and voster; English, ours and yours ) are accounting terms used to distinguish an account held for another entity from an account another entity holds. The entities in question are almost always, but … Wikipedia
loro account — ➔ account1 * * * loro account UK US noun [C] BANKING ► an account that one bank holds for another bank, usually one in another country → See also NOSTRO ACCOUNT(Cf. ↑nostro account), VOSTRO … Financial and business terms
nostro account — ➔ account1 * * * nostro account UK US noun [C] ► BANKING an account that a bank keeps for itself in a bank in another country, usually in that country s currency: »Nostro accounts are maintained by Indian banks in foreign countries where they… … Financial and business terms
