Bridge Bank: Difference between revisions
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imported>Doug Williamson (Align with Glossary.) |
imported>Doug Williamson m (Add brackets around (insolvent) for clarity.) |
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A bank created and authorised to receive and hold assets and liabilities of another insolvent bank with a view to continuing the operations of the bank until sale or liquidation. | A bank created and authorised to receive and hold assets and liabilities of another (insolvent) bank with a view to continuing the operations of the bank until sale or liquidation. | ||
Revision as of 11:25, 30 May 2013
A bank created and authorised to receive and hold assets and liabilities of another (insolvent) bank with a view to continuing the operations of the bank until sale or liquidation.
