bank run

listen to the pronunciation of bank run
English - Turkish

Definition of bank run in English Turkish dictionary

Related Terms

run on a bank
(Ticaret) mevduatın çekilmesi
run on a bank
(Ticaret) banka gişelerine akın
run on the bank
(Ticaret) bankaya hücum
English - English
When many bank customers try to withdrawal their bank deposits simultaneously, and the bank's reserves are not sufficient to cover the withdrawals Bank run's are synonymous with panic
A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i e many depositors withdraw cash almost simultaneously Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business [FRBM][FRBSF] (see also bank)
mass withdrawal of monies from a bank due to lack of faith by the public in that bank's ability to manage it's funds
a rush on a bank by its depositors to withdraw their funds, as they lose confidence in the bank's finances
Before deposit insurance, when the depositors in a bank fear that it is insolvent, and so all at once in a group demand that the bank liquidate their deposits for cash
the concerted action of depositors who try to withdraw their money from a bank because the think it will fail
When many people try at the same time to withdraw their money from a bank that lacks sufficient reserves (p 706)

Related Terms

run on the bank
severe demand for withdrawal of money from a bank