English - Turkish
Definition of letzte refinanzierungsinstanz in English Turkish dictionary
- lender of last resort
- (Ticaret) son kredi mercii
Related Terms
German - English
Definition of letzte refinanzierungsinstanz in German English dictionary
- lender of last resort
- the central bank, that lends to commercial banks if they have no other means of borrowing
- A lender, typically a central bank, which provides financial institutions with funds when they cannot borrow from the market The availability of such lending is intended to prevent systemic problems due to liquidity shortage in individual institutions
- an institution, usually a central bank, that can step in and lend funds to a bank facing a panic (sudden withdrawal of funds by depositors) or when no other institutions will lend to an institution considered high-risk or near collapse
- The sole supplier of bank reserves in the event of a system-wide shortage
- The function whereby central banks stand ready to make cash advances to commercial banks in the event they misjudge their cash reserve requirements
- As the nation's central bank, the Federal Reserve has the authority and financial resources to act as 'lender of last resort' by extending credit to depository institutions or to other entities in unusual circumstances involving a national or regional emergency, where failure to obtain credit would have a severe adverse impact on the economy
- A lender (or guarantor, in some cases) that agrees to make a subsidized Stafford loan to an otherwise eligible borrower who has been unable to find a lender willing to make a loan
- Traditionally the Federal Reserve Bank in the U S , which assists banks that face large withdrawals of funds and in so doing stabilizes the banking system
letzte refinanzierungsinstanz
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