Common term, especially in older financial language, for customer accounts held on a company’s books. – In a correspondent banking relationship, from the perspective of bank X, an account held by bank Y with bank X; in Switzerland, in this case, one says Vostrokonto (an account held by bank X on behalf of [correspondent] bank Y).
Lottery loan: A bond that is repaid in full but bears little or no interest. The creditor receives lottery premiums in return, the number and amount of which are determined according to a raffle schedule. – See loan, draw insurance, premium bond, premium Treasury note, savings premium bond.
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