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lender of last resort

Noun CEFR C2

Definitions

The institution in a financial system that acts as the provider of liquidity to a financial institution that finds itself unable to obtain sufficient liquidity in the interbank lending market and has exhausted other possible sources.

CEFR level

C2
Mastery
This word is part of the CEFR C2 vocabulary — mastery level.
See all C2 English words →

See also

Lenderman Lenders Lendian Lending lending hand lending library

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