VOSTRO ACCOUNT Definition

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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 The term is normally applied to the counterpartys account from which funds may be paid into or withdrawn, as a result of a transaction.

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ISV can mean: Independent Software Vendor, Independent Solution Vendor, or Information Service Vendor.

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

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