zombie bank

English - English

Definition of zombie bank in English English dictionary

A bank that is insolvent but is propped up by government intervention

Related Terms

zombie banks

plural form of zombie bank

Hyphenation

zom·bie bank

Turkish pronunciation

zämbi bängk

Pronunciation

/ˈzämbē ˈbaɴɢk/ /ˈzɑːmbiː ˈbæŋk/

Etymology

() First used in reference to the Asian Financial Crisis of 1997, possibly coined by the economist Edward Kane.