What is BANK RUN?

A sudden withdrawal of depositors who no longer trust their bank or economy. Today this is done with electronic transfers.

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Related Legal Terms
BANK TO BANK LETTER OF CREDIT (L/C), SAVINGS BANK, TRUST BANK, EXPORT IMPORT BANK (EXIM BANK), BRIDGE BANK, CONSUMER BANK, BANK DRAFT, UNIVERSAL BANK, PAYER BANK, CENTRAL BANK


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Written and fact checked by The Law Dictionary