PAYABLE THROUGH ACCOUNT


Meaning of PAYABLE THROUGH ACCOUNT in English

A correspondent banking account relationship established by a foreign bank with a U.S. bank, for the purpose of clearing U.S. dollar denominated checks drawn on the foreign bank by its demand deposit customers.

UNODC Money-Laundering terms English dictionary.      Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам.