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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

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See Examples For:

It then began offering yuan-denominated swap lines via its central bank to indebted countries, effectively making China a lender of last resort to poorer nations.

From The Wall Street Journal Jun. 24, 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

“China’s new role as a lender of last resort in Argentina, and the use of the yuan for international trade by Bolivia, are a sign of the times.”

From Seattle Times Jul. 27, 2023

When banks find they cannot get the funding they need from traditional sources - one another - they turn to the Fed, borrowing from its "discount window," long dubbed the lender of last resort.

From Reuters Mar. 24, 2023

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