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addaword.gifdefinition of zombie bank

noun
a bank that is worth less than zero but continues to operate because its debt is shored up by the government
It is now urgent to start recognising losses on balance sheets to avoid a proliferation of Japanese-style zombie banks in Europe.
Submitted from United Kingdom on 16/07/2013 11:54:00
Definition of zombie bank from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

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