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  1. zombie bank love

Definitions

Wiktionary

  1. n. finance, banking A bank that is insolvent but is propped up by government intervention

Etymologies

  1. First used in reference to the Asian Financial Crisis of 1997, possibly coined by the economist Edward Kane. (Wiktionary)

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tags (4)

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  1. OUP_woty_2009
  1. finance
  1. word-of-the-day
  1. wotd

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  • reesetee Ha! Mar 9, 2009

  • sonofgroucho I'm afraid there won't be much interest. Mar 9, 2009

  • bilby I'd like to close my account and withdraw all my zombies, plus interest of course. Mar 6, 2009

  • reesetee "Throw up" being a highly appropriate phrase here.... Mar 2, 2009

  • sonofgroucho Doesn't the current crisis throw up some lovely phrases? Mar 2, 2009

  • skipvia A bank whose debts are greater than its assets but that continues to operate due to an infusion of government capital--the walking dead of financial institutions. CitiBank is currently in that category, as are a few others. See this article for a reference. Mar 2, 2009

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‘zombie bank’ has been looked up 1023 times, loved by 4 people, added to 11 lists, commented on 6 times, and is not a valid Scrabble word.