Definitions for "Lender of last resort"
Keywords:  resort, collapse, unusual, central, rba
The central bank is the banker for commercial banks and lender to the banking community. In times of crisis, the central bank will assist commercial banks in trouble.
A description of the Bank of England, indicating that the Bank is prepared in the money markets to provide cash and liquidity to the market by means of repurchasing bills.
The lender of last resort in a country is the central bank.
Keywords:  agreement, rate
Lending agreement Lending at a rate