# Loro account

- Canonical URL: https://www.gerhardmerk.de/loro-account
- Post ID: 593697
- Modified: 2023-07-25T21:02:54+00:00
- Language: en

## Definition

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. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1