a panic response which occurs when a large number of people rush to take their savings out of a bank which they fear is financially unsound and about to collapse
A rapid loss of deposits precipitated by fear on the part of the public that a bank may fail and depositors may suffer losses.
A series of unexpected cash withdrawals caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency, i.e. many depositors withdraw cash almost simultaneously. Since the cash reserve a bank keeps on hand is only a small fraction of its deposits, a large number of withdrawals in a short period of time can deplete available cash and force the bank to close and possibly go out of business.
A situation where fear of a bank failing motivates massive deposit withdrawals.
A bank run is a type of financial crisis. It is a panic which occurs when a large number of customers of a bank fear it is insolvent and withdraw their deposits.