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Nostro account
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Nostro accountAn account that a bank holds with a foreign bank.
RELATED TERMS--------------------------------------
Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Foreign
Money that flows offshore and likely never returns. Flight is exacerbated by a lack of confidence as government grows without bounds.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Normalized earnings
Earnings that have been adjusted in order to take into account the effect of cycles in the economy.
Normalizing method
Making a change in the income account equivalent to the tax savings realized through the use of different depreciation methods for shareholder and income tax purposes, thus washing out the benefits of the tax savings reported as final net income to shareholders.
Normative economics
Deals with ethical issues and value judgments such as tax and welfare rates, the distribution of income, etc.
North American Free Trade Agreement (NAFTA)
A regional trade pact among the United States, Canada, and Mexico.
North American Securities Administrators Association
A voluntary organization, established in 1919, of securities regulators whose aim is to protect investors who buy securities or investment advice by educating the public, investigating violations of state and provincial law and filing enforcement actions.
Nostro account
Not a name with us
Refers to over-the-counter trading. Not a registered market maker in the security, especially in OTC and convertibles, or having nothing real to do.
Not for profit
An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
Not held order (NH order)
Applies mainly to international equities. Market or limit order in which the customer does not desire to transact automatically at the inside market (market held) but instead has given the trader or floor broker (listed stock) time and price discretion in transacting on a best-efforts basis.
Not negotiable
Words written on a bill of exchange or cheque which should prevent encashment following theft.
Not rated
A rating service indicator, neither positive nor negative, showing that a security or company has not been rated.
RELATED TERMS--------------------------------------
Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Foreign
Money that flows offshore and likely never returns. Flight is exacerbated by a lack of confidence as government grows without bounds.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Normalized earnings
Earnings that have been adjusted in order to take into account the effect of cycles in the economy.
Normalizing method
Making a change in the income account equivalent to the tax savings realized through the use of different depreciation methods for shareholder and income tax purposes, thus washing out the benefits of the tax savings reported as final net income to shareholders.
Normative economics
Deals with ethical issues and value judgments such as tax and welfare rates, the distribution of income, etc.
North American Free Trade Agreement (NAFTA)
A regional trade pact among the United States, Canada, and Mexico.
North American Securities Administrators Association
A voluntary organization, established in 1919, of securities regulators whose aim is to protect investors who buy securities or investment advice by educating the public, investigating violations of state and provincial law and filing enforcement actions.
Nostro account
Not a name with us
Refers to over-the-counter trading. Not a registered market maker in the security, especially in OTC and convertibles, or having nothing real to do.
Not for profit
An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses.
Not held order (NH order)
Applies mainly to international equities. Market or limit order in which the customer does not desire to transact automatically at the inside market (market held) but instead has given the trader or floor broker (listed stock) time and price discretion in transacting on a best-efforts basis.
Not negotiable
Words written on a bill of exchange or cheque which should prevent encashment following theft.
Not rated
A rating service indicator, neither positive nor negative, showing that a security or company has not been rated.
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This dictionary contains 24549 terms.
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