What does bank closing mean?
Definitions for bank closing
bank clos·ing
This dictionary definitions page includes all the possible meanings, example usage and translations of the word bank closing.
Princeton's WordNet
bank closingnoun
act of closing down a bank because of a fiscal emergency or failure
ChatGPT
bank closing
A bank closing refers to the process of shutting down all operations of a bank, either temporarily or permanently, often due to insolvency or regulatory orders. The closure may be enforced by a banking regulatory agency when the bank fails to meet its obligations or comply with regulatory capital requirements, or when it becomes insolvent and is unable to return depositors' funds. During a bank closure, the Federal Deposit Insurance Corporation (FDIC) steps in to protect the depositors, often by selling the assets and liabilities of the failed bank to another bank.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of bank closing in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of bank closing in Pythagorean Numerology is: 8
Translations for bank closing
From our Multilingual Translation Dictionary
- cierre del bancoSpanish
- zamknięcie bankuPolish
- đóng cửa ngân hàngVietnamese
Get even more translations for bank closing »
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"bank closing." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/bank+closing>.
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