lender of last resort

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English[edit]

English Wikipedia has an article on:
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Noun[edit]

lender of last resort (plural lenders of last resort)

  1. (finance) The institution in a financial system that acts as the provider of liquidity to a financial institution that finds itself unable to obtain sufficient liquidity in the interbank lending market and has exhausted other possible sources.
    Synonym: (initialism) LOLR
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