Bank which has failed

Bank which has failed
مصرف أفلس

English-Arabic economic glossary.

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  • failed bank — A bank which is insolvent, or has failed to meet its obligations to depositors and other creditors, and has been taken over by the banking department for liquidation and closing of its affairs. Godfrey v Terry (US) 7 Otto 171, 24 L Ed 944; 10 Am… …   Ballentine's law dictionary

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