bad bank - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “bad bank”

bad bank

noun [C]
 
 
BANKING, FINANCE, ECONOMICS
a bank that takes bad assets (= assets that have lost their value) and bad loans (= 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 bad bank that will take on the toxic assets that have damaged the global banking system. The government has launched a bad bank to take over many of the 3.9 million credit card loans 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

cup tie

a game between two teams trying to win a cup (= prize), especially in football

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More