lender of last resort

British

noun

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

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

From Barron's

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

“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

The Fed's most standard tool, acting as lender of last resort to banks through its discount window, would also be available.

From Reuters

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023