bridge bank

Definition of "bridge bank"
  1. A type of national bank that has a temporary charter to run a bank that can't pay its debts until it is sold off
How to use "bridge bank" in a sentence
  1. The financial authorities decided to use a bridge bank to manage the faltering institution during the transition period.
  2. To protect the bank's customers, a bridge bank was established as a stopgap measure until a new buyer could be found.
  3. During the banking crisis, the use of a bridge bank became a common strategy to prevent major disruptions.

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