Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. A bank that is insolvent but is propped up by government intervention

Etymologies

First used in reference to the Asian Financial Crisis of 1997, possibly coined by the economist Edward Kane. (Wiktionary)

Examples

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Comments

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  • Ha!

    March 9, 2009

  • I'm afraid there won't be much interest.

    March 9, 2009

  • I'd like to close my account and withdraw all my zombies, plus interest of course.

    March 6, 2009

  • "Throw up" being a highly appropriate phrase here....

    March 3, 2009

  • Doesn't the current crisis throw up some lovely phrases?

    March 2, 2009

  • A bank whose debts are greater than its assets but that continues to operate due to an infusion of government capital--the walking dead of financial institutions. CitiBank is currently in that category, as are a few others. See this article for a reference.

    March 2, 2009