failed bank

failed bank
A bank which is insolvent, or has failed to meet its obligations to depositors and other creditors, and has been taken over by the banking department for liquidation and closing of its affairs. Godfrey v Terry (US) 7 Otto 171, 24 L Ed 944; 10 Am J2d Banks §§ 754 et seq. See insolvency of bank.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Bank of New England — Corporation Former type Corporation Industry Banking Fate Bankruptcy liquidation P …   Wikipedia

  • Bank run — A bank run (also known as a run on the bank) occurs when a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent. As a bank run progresses, it generates its own momentum, in a kind of… …   Wikipedia

  • failed — fail fail [feɪl] verb 1. [intransitive] COMMERCE if a business fails, it is not successful and loses so much money that it has to close: • The company failed amid charges that the chairman had stolen $17 million. • More than 10,000 companies… …   Financial and business terms

  • bank failure — See failed bank …   Ballentine's law dictionary

  • Bank of England — Bank of England …   Wikipedia

  • Bank of Poland — Bank Polski (the Bank of Poland) is the name of two former banks in Poland, each of which acted as a central bank. The first was founded by Franciszek Ksawery Drucki Lubecki in 1828 in Congress Poland and functioned until 1885, when it was… …   Wikipedia

  • Bank of Canton — is the first Chinese owned bank in Hong Kong. At the time, all the other banks in Hong Kong were foreign, primarily British, including the locally incorporated but British run Hongkong and Shanghai Banking Corporation.*1912 Several Chinese… …   Wikipedia

  • Bank condition — is a random variable used to represent the probability of failure of a bank. The true probability of failure is unknown to depositors as well as regulators. Even the bank managers themselves who manage the risky asset portfolio of the bank might… …   Wikipedia

  • bank|rupt|cy — «BANGK ruhpt see, ruhp », noun, plural cies. 1. bankrupt condition: »When his business failed he went into bankruptcy. 2. Figurative. utter wreck, ruin, or loss (of any good quality): »A general bankruptcy of reputation in both parties (Edmund… …   Useful english dictionary

  • Bank of United States — This article is about a commercial bank in New York that failed in 1931. For federal and other private banks in the US, see Bank of the United States (disambiguation). Crowds outside the Bank of United States when it failed The Bank of United… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”