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nostro account

Line breaks: nos¦tro ac|count
Pronunciation: /ˈnɒstrəʊ
 
/

Definition of nostro account in English:

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'.

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