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
nostro account — /ˈnɒstroʊ əkaʊnt/ (say nostroh uhkownt) noun an account conducted by a bank in one country with a bank in a foreign country and recorded in the currency of the foreign country. Compare vostro account. {Italian nostro our + account} …
Nostro account — An ISO term. A record kept by an account owner bank of an account serviced on its behalf by an account servicing bank. Also known as the Due from account … International financial encyclopaedia
nostro account — A bank account conducted by a UK bank with a bank in another country, usually in the currency of that country. Compare vostro account … Big dictionary of business and management
nostro account — / nɒstrəυ əˌkaυnt/ noun an account which a bank has with a correspondent bank in another country. ⇒ vostro account … Dictionary of banking and finance
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
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
Reconciliation of nostro account — Reconciliation of nostro accounts is the process of matching the statements received from the NOSTRO banks with the postings kept by the automated system … International financial encyclopaedia
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 reconciliation statement — A statement which lists the transactions relating to a nostro account … International financial encyclopaedia
