International financial encyclopaedia . 2014.
Nostro and Vostro Account — Nostro and Vostro (Middle Italian, from Latin, noster and voster ; English, ours and yours ) are accounting terms used to distinguish an account you hold for another entity from an account another entity holds for you. The entities in question… … Wikipedia
Nostro and vostro accounts — Nostro and vostro (Italian, from Latin, noster and voster; English, ours and yours ) are accounting terms used to distinguish an account held for another entity from an account another entity holds. The entities in question are almost always, but … Wikipedia
nostro account — ➔ account1 * * * nostro account UK US noun [C] ► BANKING an account that a bank keeps for itself in a bank in another country, usually in that country s currency: »Nostro accounts are maintained by Indian banks in foreign countries where they… … Financial and business terms
Nostro Account — A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of foreign exchange and trade transactions. The term is derived from the Latin word for… … Investment dictionary
Reconciliation of nostro account — Reconciliation of nostro accounts is the process of matching the statements received from the NOSTRO banks with the postings kept by the automated system … International financial encyclopaedia
Bank to bank transfer — A transfer between banks effecting accounts held by banks (i.e. not accounts held by banks on behalf of a customer). See also Nostro accounts and Loro accounts … International financial encyclopaedia
Miscellaneous — Sundry products which are not normally related to bank customers. Product types in this group include: Collateral Items Cash Precious metals & coins Travellers Cheques Nostro accounts … International financial encyclopaedia
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Canon of the Mass — • Article divided into four sections: (I) Name and place of the Canon; (II) History of the Canon; (III) The text and rubrics of the Canon; (IV) Mystical interpretations Catholic Encyclopedia. Kevin Knight. 2006. Canon of the Mass … Catholic encyclopedia
Double-entry bookkeeping system — A double entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts. The name derives from the fact… … Wikipedia
