Definition of nostro account in English:

Share this entry

nostro account

Pronunciation: /ˈnɒstrəʊ/

noun

A bank account held by a UK bank with a foreign bank, usually in the currency of that country.
Example sentences
  • It received these funds in its sterling nostro account at National Westminster Bank in London and credited the £25m to the BCCI Overseas inter-company vostro account.

Origin

Nostro from Italian, 'our, ours'.

For editors and proofreaders

Line breaks: nos¦tro ac|count

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.