| 单词 | nostro account |
| 释义 | nostro account in British English (ˈnɒstrəʊ) noun a bank account conducted by a British bank with a foreign bank, usually in the foreign currency Compare vostro accountnostro account in British Englishbank account conducted by a British bank with a foreign bank nostro account in Finance (nɔstroʊ əkaʊnt) Word forms: (regular plural) nostro accounts noun Word origins Latin wordsSeveral other financial terms include Latin words. A vostro account is an account that a domestic bank holds for another foreign bank in the domesticbank's currency."Vostro" is from the Latin "voster", meaning "your".Ad valorem is an adjective that describes a tax charged at the estimated value of the goodsbeing charged, and is the Latin for "according to value", and in the phrase cum dividend, "cum" means "with", so investors who buy shares cum dividend are entitled to a recentlyissued dividend. (Finance: Banking) vostro accountA nostro account is an account that a bank holds with another bank in a foreign country in the foreign currency. "nostro" is from the Latin "noster", meaning "our" A nostro account is maintained by an Indian Bank in the foreign countries for the easy clearing oftheir transactions. If the bank pays a demand drawn on it by its correspondent bank, the correspondentbank credits the nostro account of the paying bank while issuing the demand draft. A nostro account is an account that a bank holds with another bank in a foreign country in the foreigncurrency. |
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