nostro account Definition

nostro account

Definition

A banking term to describe an account one bank holds with a bank in a foreign country, usually in the currency of that foreign country.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms on BusinessDictionary

vostro account

Popular 'Banking' Terms

negotiable
letter of credit
bank draft
bank
commercial bank

account
overdraft protection
compound interest
overdraft
lockbox

nostro account in the news

Tools

nostro account is ...

... part of the Banking and Global subjects.

Nearby Terms

North Africa Peseta
North American Free Trade Agreement
North Korean Won
Northern Rock
Norwegian Krone
nostro account
not rated
notarize
Notary Public
note
note loan

Search volume for nostro account

Review the unprecedented moves the Fed & Treasury took to bring the financial markets back from the precipice