Lender of last resort

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Notion

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Science and technology

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What Wikipedia says

In public finance, a lender of last resort (LOLR) is a financial entity, generally a central bank, that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted.

Excerpt from the Wikipedia article “Lender of last resort”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: Dan Smith, CC BY-SA 2.5, via Wikimedia Commons.