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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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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

As lender of last resort, the Fed must understand the nonbank balance sheets that now intermediate a growing share of credit.

From Barron's ● Dec. 10, 2025

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

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