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单词 lender of last resort
释义

lender of last resort

From Longman Business Dictionarylender of last resortˌlender of ˌlast reˈsort noun (plural lenders of last resort) [countable]BANKING the central bank of a country which is responsible for controlling the banking system. It is considered as a lender for other banks only when there is no other organization to borrow fromThe Federal Reserve is a lender of last resort, and banks generally avoid borrowing from it except in extraordinary circumstances.
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更新时间:2024/12/22 11:56:08