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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

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

"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

“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

China’s emerging position as a lender of last resort reflects its evolving status as an economic superpower at a time of global weakness.

From New York Times • Mar. 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

In the UK, the central bank also acts as the government's bank and a lender of last resort in times of financial difficulty.

From BBC • Oct. 11, 2022

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