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English definition of “Tier 1 capital”

Tier 1 capital

noun [U]
 
 
(also Tier 1 equity) FINANCE, BANKING
the main money that a bank has, which comes from selling shares and any profit it has made and kept: Lloyds TSB added to its Tier 1 capital by selling £600 million of variable perpetual bonds. The Bank is now worth considerably less than its Tier 1 equity.
(Definition of Tier 1 capital from the Cambridge Business English Dictionary © Cambridge University Press)
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