Definition of Swiss bank account in English:
An account held at a bank in Switzerland, identified by a number rather than a name in order to preserve the client’s anonymity and security.
- ‘Diversion of funds into Swiss bank accounts rather than lawful timber harvesting and payment of taxes reduces the cash available to the government for poverty alleviation,’ he noted.
- For example, the Swiss bank account was a joint account with his father.
- The EU is pressing Switzerland to hand over information about EU citizens who hold Swiss bank accounts, and who cannot be taxed on the funds.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.