Definition of underbanked in US English:
underbanked
adjectiveˌəndərˈbaNGktˌəndərˈbaNGkt
1(of an area) with insufficient banks to meet market demand.
Example sentencesExamples
- The lure of the region is that the area is seriously underbanked, especially on the retail side.
- Do you still see the ‘unbanked’ and ‘underbanked’ as your primary target?
- And markets like this country's are still significantly underbanked, so there is much growth potential.
- 1.1 (of consumers) lacking full use of banking facilities.
2(of an investment issue) not adequately underwritten by financing institutions.