Nostro and vostro accounts

Nostro and vostro (from Italian, nostro and vostro; 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 usually banks.

Source: Wikipedia — Nostro and vostro accounts (CC BY-SA 4.0)

Nostro and vostro accounts

Nostro and vostro (from Italian, nostro and vostro; 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 usually banks.

Source: Wikipedia "Nostro and vostro accounts" · CC BY-SA 4.0

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