bad bank
nounEtymology
Possibly derived from a usage by Walter Bagehot in Lombard Street: "The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank."
Definitions
A bank created to specialize in the ownership of defaulted loans and their collection.
- And Grant Street National Bank, as the bad bank is called, ... The bad bank and its 75 workout specialists proved adept at unloading sorry loans
- In the 1980s, another method of problem resolution emerged, known as a good-bank, bad-bank split model.
The neighborhood
Vish — recursive loop
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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA