Meaning LENDER OF LAST RESORT: 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
More terms such as Lender of last resort in Dictionary L.
- Definition Living Benefits:
- Examples Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness lender of last resort definition.
- Definition Leakage:
- Examples Release of information selectively or not before official public announcement lender of last resort explain.
- Definition Liquidity Preference Hypothesis:
- Examples The argument that greater liquidity is valuable, all else equal. Also, the theory that the forward rate exceeds expected future interest rates lender of last resort what is.
- Definition Lead Regulator:
- Examples A leading self-regulatory organization that over sees compliance with a particular section of the law, such as the NYSE, ASE, or NASDAQ lender of last resort meaning.
- Definition Law Of One Price:
- Examples stating that a given security must have the same price no matter how the security is created. If the payoff of a security can be synthetically created by a package of other securities, the lender of last resort abbreviation.
