ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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INTEREST-BEARING Definition
INTEREST-BEARING means paying interest.
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AD HOC is being concerned with a particular end or purpose, e.g., a ad hoc committee established to handle a specific subject.
VOSTRO ACCOUNT is a local currency account maintained with a bank by another bank. The term is normally applied to the counterpartys account from which funds may be paid into or withdrawn, as a result of a transaction.
