It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...
The institution (usually a central bank or monetary agency) in a financial system that is sought by a financial institution...
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.