单词 | bank failure |
释义 | bank failureDefinition Situation where a financial institution basically becomes insolvent and unable to meet to its credit obligations, and is forced to close by federal regulators. This often happens when institution has overleveraged itself and no longer has the funds necessary to maintain a steady flow of cash. If the institution provides FDIC insurance to its customers, deposits (typically up to $100,000) are insured by the federal government. |
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