Definition of Run on a bank

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TeachMeFinance.com - explain Run on a bank




historic definition...

Run on a bank -- When the depositors in a bank become alarmed for the safety of their money and seek, en masse, to draw it out of the bank there is said to be a run on the bank.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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