Bank Run for Dummies
noun
pronunciation: bæŋk_rənWhat does Bank Run really mean?
Hey, so a "bank run" is when a whole bunch of people rush to take all their money out of a bank at the same time. It's like when a bunch of people are trying to get through a door all at once - it can cause chaos and problems. This kind of rush happens when people are worried that the bank might not have enough money to give to everyone who wants to take out their money, so they panic and try to get their money out of the bank before it's too late. This can be really bad for the bank, because if all the customers take out their money, the bank might not have enough to keep operating and helping other people with their money needs. So, a "bank run" is when lots of people rush to take their money out of a bank, and it can cause big problems for the bank. Make sense?
Revised and Fact checked by Patricia Williams on 2023-11-15 20:07:41
Bank Run In a sentece
Learn how to use Bank Run inside a sentece
- When many people in a town all go to the bank at the same time to take out all their money because they are worried the bank might close.
- If a rumor spreads that a bank is in trouble, people might panic and start a bank run.
- During a financial crisis, there might be a bank run if people lose confidence in the banking system.
- A bank run can cause a lot of problems for the bank and the people who have money saved there.
- Sometimes governments have to step in and help prevent a bank run from happening to protect people's savings.
Bank Run Hypernyms
Words that are more generic than the original word.