word
lender of last resort
LEN-der ov LAST reh-ZORT
ˈlɛndər ɒv lɑːst rɪˈzɔːrtListen
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Syllable breakdown
lenderoflastresort
Dictionary meaning
central bank function of providing emergency liquidity to solvent but temporarily illiquid financial institutions to prevent bank runs and systemic crises
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