nostro account

British

/ ˈnɒstrəʊ /

noun

a bank account conducted by a British bank with a foreign bank, usually in the foreign currency Compare vostro account

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

A letter on Aug. 3, 2016 from the RBI to bank executives warned of“a recent incident involving attempted unauthorized transfer of funds from the nostro account of a bank”.

From Reuters

The RBI asked the top management of Indian banks to not only ensure that appropriate controls were in place, but also to reconcile their nostro account transactions – that is, to check that they matched their banks’ internal records.

From Reuters

A letter on Aug. 3, 2016 from the RBI to bank executives warned of“a recent incident involving attempted unauthorized transfer of funds from the nostro account of a bank”.

From Reuters

The RBI asked the top management of Indian banks to not only ensure that appropriate controls were in place, but also to reconcile their nostro account transactions – that is, to check that they matched their banks’ internal records.

From Reuters

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023