INDUSTRIAL REVENUE BOND Definition

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INDUSTRIAL REVENUE BOND (I.R.B.) is a bond issued by local government agencies in favor of corporations.

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NOSTRO ACCOUNT is an account held by a bank in a foreign country in the currency of that country e.g., a German bank with an account in New York will call the record in its own books of its New York account a nostro account.

YANKEE BOND is a dollar bond issued by a non-U.S. borrower in the United States.

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