The-definition.com

Definition

Vostro Account

Vostro Account is a bank account held by a foreign correspondent of the local bank with that bank, in the local currency.

Share it:  Cite

More from this Section

  • Outright pricing
    Outright pricing— negotiating prices directly with small and medium-sized farmers, eliminating ...
  • Portfolio diversification
    Portfolio diversification is the spreading out a bank’s credit accounts and deposits ...
  • Registered bond
    Registered bond refers to corporate or governmental debt in a bond form in which the owner’s ...
  • Human Resources Managers
    A bank’s performance in serving the public and its owners depends, more than anything ...
  • Buy-back
    Buy-back is a public company, which buys its own shares, by tender offer, in open market, ...