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bad bank

noun
1.
a financial institution set up to hold and manage underperforming assets owned by other banks
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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  • With so much "bad bank paper" in circulation, Speridionides is not likely to set a high price on his own scrip.'

    Lord Kilgobbin Charles Lever

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