shadow bank Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “shadow bank” in the English Dictionary

"shadow bank" in Business English

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shadow banknoun [C]

uk   us   FINANCE, BANKING
an ​organization or ​company that is involved in ​financialactivities such as ​lending or ​investingmoney, but is not ​officially a ​bank and does not ​accept deposits, so does not have to obey the same ​rules as ​banks: Shadow ​banksplay an important role in ​providingcredit across the ​globalfinancialsystem.
(Definition of shadow bank from the Cambridge Business English Dictionary © Cambridge University Press)
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