nostro account Meaning in the Cambridge English Dictionary
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Meaning of “nostro account” in the English Dictionary

"nostro account" in Business English

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nostro accountnoun [C]

uk   us  
BANKING an ​account that a ​bankkeeps 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 have ​operations for ​facilitatingeasyclearing of their ​transactions.
(Definition of nostro account from the Cambridge Business English Dictionary © Cambridge University Press)
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