Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “shadow bank”

shadow bank

noun [C]     FINANCE, BANKING
an organization or company that is involved in financial activities such as lending or investing money, but is not officially a bank and does not accept deposits, so does not have to obey the same rules as banks: Shadow banks play an important role in providing credit across the global financial system.
(Definition of shadow bank noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of shadow bank

Word of the Day

altruistic

showing a wish to help or bring advantages to others, even if it results in disadvantage for yourself

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More