lender of last resort Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “lender of last resort” in the English Dictionary

"lender of last resort" in Business English

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lender of last resortnoun [C]

uk   us   BANKING, FINANCE, ECONOMICS
a ​centralbank or ​internationalorganization that ​lendsmoney to ​banks or countries in difficult ​financialperiods 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)
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