Meaning of bank of mum and dad | Babel Free

Definitions

1. Alternative letter-case form of Bank of Mum and Dad
   alt-of
2. One's parents, regarded as a source of financial support.
   UK, humorous
3. Alternative letter-case form of bank of mum and dad.
   alt-of

Examples

“That means that those with access to the bank of mum and dad can get on the property ladder... while those who do not are locked out.”

“Borrowed money isn’t your money – you have to pay it back eventually, plus interest (unless it’s a private loan from the Bank of Mum and Dad).”

“The fees might be higher, but they’re going to be repaid out of the earnings of the student after they’ve left university or college, rather than borrowed from the Bank of Mum and Dad.”

“You know the Bank of Mum and Dad when you see it: it’s your friend who seems broke, but always has a safety net, or who suddenly (but discreetly) acquires the deposit for a home.”

“First-time buyers were borrowing from the bank of Mum and Dad – and their money came from the rises in their parents’ property.”

“Talking to your kids about money in the right way is essential. It’s not the lack of funds from the bank of Mum and Dad that frustrates today’s teenagers but more the lack of decent advice from parents on how to manage money.”

“What, we wondered, could replace the youth and energy they [children] had brought to our lives? Of course, we were still occupied by phone calls, emails and the occasional visit, the requests for help and advice and sporadic donations from the bank of Mum and Dad, but it became increasingly apparent that an injection of something we were at a loss to define was necessary to re-invigorate us.”

“Not least they can be relaxed because, like the young Richard Branson when he had to make restitution to Her Majesty’s Revenue and Customs for his crime of VAT fraud, they too are generally able to turn to the bank of Mum and Dad to rescue them from what otherwise would very likely have been a prison sentence in Branson’s case.”

“If you are struggling, then the Erasmus grant will help, but again it doesn’t get paid until after your first month. You can borrow money from the bank of Mum and Dad, or if you are really desperate I know someone who asked the school for help and they lent him €500 for the first month and a half.”

“She didn’t have a term-time job, she wasn’t getting bungs from the bank of Mum and Dad, and her student loan account was a lot less in the red than most.”

“So where does the immigrant potential entrepreneur obtain this capital? Would they be part of the 33% with no money. Probably. It is not always easily generated from savings, nor is it available from the bank of ‘Mum and Dad’, or even ‘Grandad and Grandma’, perhaps.”

“She came in to talk about retakes. But as she didn’t enrol for them, I assumed she’d gone home to lick her wounds, make a withdrawal from the bank of Mum and Dad.”

“Her friends were all going into charities or becoming musicians after university. Easy to do when you have ongoing access to the bank of Mum and Dad.”

“Many young people are relying on financial assistance from the “bank of Mum and Dad”, with parents forking out £2 billion a year to help out their children get onto the housing ladder.”

“As college takes centre stage, home visits are few and far between. There is a pressing need to concentrate, produce good results and ensure I pass my first year. I only visit if I want to make a withdrawal from the bank of Mum and Dad; remember that bank, Reader? It never runs out of money, it always gives.”

“‘Enjoy a more urban side to living in the heart of north London,’ the lettering read. This was an invitation that was not aimed towards people already living in Tottenham, but to newcomers – perhaps first-time buyers desperate to get on the property ladder with help from the bank of Mum and Dad, or maybe buy-to-let landlords whose sole aim was to make money out of London’s housing crisis.”

“It has been reported that up to 25% of first-time buyers in the UK are accessing property thanks to the bank of Mum and Dad (Guardian 2019b).”

CEFR level