Meaning of bad bank | Babel Free
Definitions
A bank created to specialize in the ownership of defaulted loans and their collection.
Equivalents
Examples
“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”
“In the 1980s, another method of problem resolution emerged, known as a good-bank, bad-bank split model.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.