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单词 troubled_asset_relief_program
释义
Troubled Asset Relief Program (TARP)
A $700 billion fund created in response to the credit crunch that hit the US in 2008. The original intent of the fund was to allow the Treasury to buy illiquid mortgage-related assets. The fund was ultimately used to provide direct capital infusions to distressed financial institutions.
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更新时间:2025/4/2 7:18:37