Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “lender of last resort”

lender of last resort

noun [C]
 
 
BANKING, FINANCE, ECONOMICS
a central bank or international organization that lends money to banks or countries in difficult financial periods when they cannot borrow from anywhere else: The IMF is known as the lender of last resort to countries in financial trouble.
(Definition of lender of last resort from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of lender of last resort?
Add Cambridge dictionaries to your browser to your website

Word of the Day

white Christmas

a Christmas when it snows

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More