Official Settlement Account

Official Settlement Account,

Official Settlement Account:

  1. A government clearing account is a special type of account used to track currency reserve transactions between central banks in International Balance Payments (BOPs) between banks. Government clearing accounts track gold transactions, foreign exchange reserves, bank reserves and special drawing rights (SDRs).

    • Government clearing accounts are used to track and record the international balance of payments between central banks.
    • It is used to handle the transfer of global financial assets and reserves that circulate between the country's central banks.
    • Countries use these accounts to monitor large deposits and emissions in and out of other countries.

Literal Meanings of Official Settlement Account


Meanings of Official:
  1. A person who holds a public office or performs public work, especially as a representative of an organization or ministry.

  2. In relation to the authority or body and its duties, functions and responsibilities.

Sentences of Official
  1. A union official

  2. Official duties of the Governor

Synonyms of Official

appointee, office-bearer, ceremonial, administrator, ritualistic, executive, ceremonious, formal, officer, functionary, office-holder, solemn


Meanings of Settlement:
  1. Once an uninhabited place where a community meets.

  2. An agreement in which the property is transferred to private ownership in a settlement agreement.

  3. The process or process of setting up an account.

  4. Minimize the property or structure built on it

Sentences of Settlement
  1. The union reached a wage agreement

  2. Small town butterere

  3. If you make a significant contribution or pay and die within the next seven years, you may have to pay inheritance tax.

  4. Most providers offer prepaid discounts

  5. Surrounding walls that have collapsed due to settlement should be replaced.

Synonyms of Settlement

agreement, understanding, community, encampment, satisfaction, deal, colony, payment, accommodation, bargain, outpost, settling, clearance, defrayal, resolution, clearing, pact, arrangement, settling up, discharge, liquidation


Meanings of Account:
  1. See or see yourself in a certain way.

  2. Records or reports of financial income and expenses related to a particular period or purpose.

  3. An arrangement in which an organization raises funds on behalf of a user or provides goods or services to a customer on credit.

  4. An agreement that gives a user personal access to a computer, website or application by entering their username and password in person.

Sentences of Account
  1. Detailed report obtained

  2. He doesn't care about money

Synonyms of Account

narrative, balance sheet, interest, count, gravity, bank account, communiqué, ledger, concern, report, sketch, description, look on as, interpret as, importance, weightiness, moment, news, version, story, journal, regard as, think of as, significance, substance, financial statement, adjudge, consider, explanation