TERMIUM Plus®

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LENDER LAST RESORT [3 records]

Record 1 2026-01-08

English

Subject field(s)
  • Banking
  • Foreign Trade
DEF

A function of the central bank by which it allows the chartered banks to borrow from it to cover temporary liquidity problems when no other source of funds is available.

French

Domaine(s)
  • Banque
  • Commerce extérieur
DEF

Expression se référant au rôle joué dans les marchés de capitaux par les banques centrales : chacune d'elles assurent en effet un rôle régulateur de l'offre de monnaie par des mécanismes d'escompte et de [politique de marché ouvert] qui font de la banque centrale le créancier des établissements financiers prêteurs.

CONT

L'euromarché libre de contrôles, est également privé d'une banque centrale prêteur en dernier ressort et régulateur du marché.

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Comercio exterior
DEF

Función esencial del banco central que consiste en estar dispuesto a prestar al sistema bancario para que éste cubra sus problemas de liquidez temporal cuando no existe otra fuente de fondos disponible.

OBS

prestamista de último recurso: término extraído del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

Save record 1

Record 2 2026-01-08

English

Subject field(s)
  • Property Law (common law)
  • Law of Security
  • Loans
DEF

The process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

CONT

Foreclosure results in a loss for the lender and is obviously quite detrimental to the borrower; as a result, it is the last resort. Most of the time, lenders attempt to work with the borrower to come up with a better solution, such as extending the repayment period in order to lower payments.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Droit des sûretés
  • Prêts et emprunts

Spanish

Campo(s) temático(s)
  • Derecho de propiedad (common law)
  • Derecho de cauciones
  • Préstamos
Save record 2

Record 3 2000-05-15

English

Subject field(s)
  • Banking
  • Loans
DEF

A loan extended to an institution that is judged to be solvent but whose liquidity has been affected by a loss of investor confidence.

OBS

Also sometimes called a "lender-of-last-resort loan". These are given for a relatively long period of time as compared to LVTS [Large Value Transfer System] advances and ACSS [Automated Clearing and Settlement System] advances.

Key term(s)
  • lender of last resort loan

French

Domaine(s)
  • Banque
  • Prêts et emprunts
DEF

Prêt consenti à une institution qui est considérée comme solvable, mais dont les liquidités sont entamées par une perte de confiance des investisseurs.

OBS

Aussi parfois appelé «prêt de dernier ressort». Les avances extraordinaires sont accordées pour une durée plus longue que ne le sont les avances STPGV [système de transfert de paiements de grande valeur] et les avances SACR [système automatisé de compensation et de règlement].

Spanish

Save record 3

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