bad bank Meaning in the Cambridge English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “bad bank” in the English Dictionary

"bad bank" in Business English

See all translations

bad banknoun [C]

uk   us   BANKING, FINANCE, ECONOMICS
a ​bank that ​takes badassets (= ​assets that have ​lost their ​value) and badloans (= ​debts that are unlikely to be ​paid back) from other ​banks or ​organizations and ​deals with them in ​order to ​help with ​economic problems: The Treasury is ​creating a ​badbank that will take on the ​toxicassets that have ​damaged the ​globalbankingsystem. The ​government has ​launched a ​badbank to take over many of the 3.9 million ​creditcardloans that are in ​arrears.
(Definition of bad bank from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of bad bank?
Add Cambridge dictionaries to your browser to your website
Word of the Day

golden

made of gold

Word of the Day