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.
PAYABLE THROUGH ACCOUNT
Meaning of PAYABLE THROUGH ACCOUNT in English
UNODC Money-Laundering terms English dictionary. Английский словарь терминов управления ООН по отмыванию денег, преступности и наркотикам. 2012