What is the definition of Nostro account? | Dictionary.net

NOSTRO ACCOUNT

\nˈɒstɹə͡ʊ ɐkˈa͡ʊnt], \nˈɒstɹə‍ʊ ɐkˈa‍ʊnt], \n_ˈɒ_s_t_ɹ_əʊ ɐ_k_ˈaʊ_n_t]\

Definitions of NOSTRO ACCOUNT

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

A foreign exchange account in a local bank in the local currency that is maintained by a foreign bank. A vostro account is the account that is applicable to local banks.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Platidiam

An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.

View More

Nearby Words