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bad bank. In DICTIOUS you will not only get to know all the dictionary meanings for the word
bad bank, but we will also tell you about its etymology, its characteristics and you will know how to say
bad bank in singular and plural. Everything you need to know about the word
bad bank you have here. The definition of the word
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bad bank, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
Possibly derived from a usage by Walter Bagehot in Lombard Street: "The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank."
Noun
bad bank (plural bad banks)
- (banking) A bank created to specialize in the ownership of defaulted loans and their collection.
1992, Business Week:And Grant Street National Bank, as the bad bank is called, ... The bad bank and its 75 workout specialists proved adept at unloading sorry loans
1999, Benton E. Gup, International banking crises, page 249:In the 1980s, another method of problem resolution emerged, known as a good-bank, bad-bank split model.
Synonyms
Translations
bank specializing in bad credits
See also