The-definition.com

Definition

Bank failure

Bank failure is a situation in which a bank cannot satisfy its obligations to pay its depositors and other creditors and so goes out of business.

Share it:  Cite

More from this Section

  • Eurocurrency market
    Eurocurrency market refers to the collection of banks that accept deposits and provide ...
  • Individual 401(k) plan
    A qualified retirement plan with significant tax savings for self-employed individuals ...
  • Adjustment bureau
    Adjustment bureau is an organization for adjusting insurance claims that is supported ...
  • After acquired clause
    After acquired clause is a contractual clause in a mortgage agreement stating that any ...
  • Ultimate net loss
    Ultimate net loss is the total amount that the insurer is legally obligated to pay in ...