- lender of the last resort
- /ˌlendə əv ðə ˌlɑ:st rɪ'zɔ:t/ nouna central bank which lends money to commercial banks
Dictionary of banking and finance. 2015.
lender of the last resort
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Lender of last resort — Als Lender of Last Resort („Kreditgeber der letzten Zuflucht“) wird im Finanzwesen eine Institution bezeichnet, die als Kreditgeber oder Garant bei Schuldnern freiwillig oder auf gesetzlicher Grundlage fungiert, wenn hierzu niemand anders mehr… … Deutsch Wikipedia
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Lender Of Last Resort — An institution, usually a country s central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse. In the U.S. the Federal Reserve acts as the… … Investment dictionary
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lender of last resort — noun Finance 1. a central bank in its capacity to make loans to banks and other eligible institutions in emergency circumstances such as a systemic crisis in the banking system. 2. a financing organisation which will make loans to borrowers who… …
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