PLAC: Difference between revisions
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Revision as of 10:14, 26 March 2014
Primary Loss Absorbing Capital.
Used, especially in the UK, to refer to equity and bail-in-able long term debt of banks that can be written down in case of financial distress. It includes both equity and bail-in-able long-term debt.
See also
- SLAC - Secondary Loss Absorbing Capital
- GCLAC also referred to as GLAC - gone-concern loss absorbing capital
