run on a bank

run on a bank definition - finance
The simultaneous rush by many depositors to reclaim their deposits. Runs on a bank occur when investors are afraid that the bank is insolvent and that their funds will be lost. This occurred during the Great Depression. Fortunately, in the United States, runs on a bank are rare phenomena. Also called bank run.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments


Do you have more to add? Sign in to share your linguistic knowledge or observation.

Connect with Facebook