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 need not be, banks.
Read more about Nostro And Vostro Accounts: Origins, Related Expressions
Famous quotes containing the word accounts:
“... by and large, wife-changing and high office are not compatible. This inequity accounts for the many dull women in Washington and is the cause of much smug complacency on the distaff side of political marriages.”
—Barbara Howar (b. 1934)