bridge bank
- 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
- The financial authorities decided to use a bridge bank to manage the faltering institution during the transition period.
- To protect the bank's customers, a bridge bank was established as a stopgap measure until a new buyer could be found.
- During the banking crisis, the use of a bridge bank became a common strategy to prevent major disruptions.
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