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Meaning of zombie bank | Babel Free

Noun CEFR B2

Definitions

A bank that is insolvent but is sustained by government intervention.

derogatory

Examples

But governments and central banks vouched for the zombie banks, which were able to keep borrowing dollars from banks in other countries.”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

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