Related Expressions
There is also the notion of a loro account ("theirs"), which is a record of an account held by a second bank on behalf of a third party; that is, my record of their account with you. In practice this is rarely used, the main exception being complex syndicated financing.
In the same style as above:
- A loro is our account of their money, held by you
Read more about this topic: Nostro And Vostro Accounts
Famous quotes containing the words related and/or expressions:
“The content of a thought depends on its external relations; on the way that the thought is related to the world, not on the way that it is related to other thoughts.”
—Jerry Alan Fodor (b. 1935)
“Compare the history of the novel to that of rock ‘n’ roll. Both started out a minority taste, became a mass taste, and then splintered into several subgenres. Both have been the typical cultural expressions of classes and epochs. Both started out aggressively fighting for their share of attention, novels attacking the drama, the tract, and the poem, rock attacking jazz and pop and rolling over classical music.”
—W. T. Lhamon, U.S. educator, critic. “Material Differences,” Deliberate Speed: The Origins of a Cultural Style in the American 1950s, Smithsonian (1990)