Dictionary.com
Thesaurus.com

lender of last resort

British  

noun

  1. the central bank of a country with authority for controlling its banking system

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

Treasury, the global lender of last resort, is losing control of long-term rates.

From MarketWatch Aug. 20, 2026

The policy paper also endorsed substantially shrinking the Fed’s $6.7 trillion asset portfolio and limiting the central bank’s role as a lender of last resort in financial crises.

From The Wall Street Journal Jun. 2, 2026

"The availability of a lender of last resort for central banks worldwide boosts confidence to invest, borrow and trade in euros, knowing that access will be there during market disruptions," she said.

From Barron's Feb. 14, 2026

Mr Drakeford said the Welsh government had "stepped in as the lender of last resort" when the WRU "weren't able to sustain" payments on an earlier Covid loan.

From BBC Jan. 30, 2024

Binance’s founder and CEO Changpeng Zhao effectively laid out the possibility of a crypto-like central bank or deposit-insurance pool to be a lender of last resort to keep healthy firms from failing.

From Seattle Times Nov. 15, 2022

Vocabulary.com logo
by dictionary.com

Join 12,000,000 vocabulary learners

Start learning new words today on VocabTrainer.
You'll remember them forever.

Start training