Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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noun
A bank created to specialize in the ownership of defaulted loans and their collection.
Definition source: English Wiktionary via Wiktextract
Topics: banking, business
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
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."
Across languages
6 source translations are retained for this English entry.
