| 单词 | lender of last resort |
| 释义 | > as lemmaslender of last resort lender of last resort n. a financial institution that will lend to a borrower who cannot obtain funds elsewhere; esp. a central bank that will lend to other banks, etc., when they experience heavy withdrawals. ΘΚΠ society > trade and finance > financial dealings > moneylending > [noun] > moneylending at interest > institution which lender1873 lender of last resort1932 1932 R. G. Hawtrey Art of Central Banking iv. 116 The Central Bank is the lender of last resort. 1953 J. L. Hanson Textbk. Econ. xxiv. 422 When the other banks are unwilling to lend, the central bank should be prepared to assist eligible borrowers—that is, it should act as a ‘lender of last resort’. 1979 F. E. Perry Dict. Banking 137/1 The Bank of England acts as lender of last resort for the London discount houses. 1981 N.Y. Times Mag. 29 Mar. 9/2 There would be an international lender of last resort that would serve as a safety net for third-world loans in the event of international turmoil. 1991 Economist 13 July 93/2 Unusually, BCCI had no lender of last resort; since 1988 its operations have been supervised, with mixed success, by a ‘college’ of regulators from seven countries. < as lemmas |
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