loro account

loro account loro account account1

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loro account UK US noun [C] BANKING
an account that one bank holds for another bank, usually one in another country
See also NOSTRO ACCOUNT(Cf. ↑nostro account), VOSTRO ACCOUNT(Cf. ↑vostro account)

Financial and business terms. 2012.

Look at other dictionaries:

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • Loro accounts —   An ISO term. An account serviced by a bank on behalf of an account owner bank.   An account held by a bank in our books on behalf of another (=correspondent) bank. In principle, a liability account representing balances maintained with the… …   International financial encyclopaedia

  • Nostro and Vostro Account — Nostro and Vostro (Middle Italian, from Latin, noster and voster ; English, ours and yours ) are accounting terms used to distinguish an account you hold for another entity from an account another entity holds for you. The entities in question… …   Wikipedia

  • Vostro Account — The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account. Vostro is latin for yours …   Investment dictionary

  • Due to account —   An ISO term. See preferred term Loro accounts …   International financial encyclopaedia

  • Vostro account —   An ISO term. See preferred term Loro accounts …   International financial encyclopaedia

  • 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 …   Wikipedia

  • С — Сальдо (balance) Cальдо внешней торговли [balance of trade] Сальдо государственного бюджета [balance of state bud­get] Сальдо торгового баланса см. Сальдо внешней …   Экономико-математический словарь

  • Счет лоро — Ваш счет у нас , счет, открываемый банком своему банку корреспонденту, на котором отражаются все операции, проводимые по его поручению. При установлении корреспондентских отношений предусматривается, в какой валюте будет вестись счет, должны ли… …   Финансовый словарь

  • L — 1) Loschmidtsche Zahl EN Loschmidt number 2) Lorokonto EN loro account (account at one bank belonging to another bank) 3) Lendenwirbel EN lumbar vertebrae (med.) 4) Lautsprecher EN loudspeaker …   Abkürzungen und Akronyme in der deutschsprachigen Presse Gebrauchtwagen

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