Lender of last resort

A function of a central bank, such as the Federal Reserve, in which it lends Money to a bank which is facing unusually heavy Withdrawal.

Related Terms: 5 Fed, Lend, Money, Withdraw, Withdrawal

Other Related Pages: Category: Banking Starting With: L

Additional Related Terms: 10-K, Agent bank, Accrual of discount, Amortization of premium, All or any part, Active money, All-risks coverage, Add-on service, Abstract of title, Action to quiet title