bail-in
bail-in (noun, verb)
- The situation in which a bank steals a depositor’s money from their account. Depending on the jurisdiction, it can permitted in accordance with banking or governmental legislation.
- The situation in which a bank steals a depositor’s money from their account. Depending on the jurisdiction, it can permitted in accordance with banking or governmental legislation.
1. Bank depositors in Cyprus got a rude awakening when they saw that their bank accounts had been bailed-in.
2. The Canadian Parliament has now passed legislation which will allow future bank bail-ins.
3. The IMF has proposed a one-off tax for European bank depositors who have accounts with funds in excess of 100,000 euros.
4. In order to fund their latest deficit, the nation is considering implementing a $30 billion bail-in package.
2. The Canadian Parliament has now passed legislation which will allow future bank bail-ins.
3. The IMF has proposed a one-off tax for European bank depositors who have accounts with funds in excess of 100,000 euros.
4. In order to fund their latest deficit, the nation is considering implementing a $30 billion bail-in package.
bail-in by AgeOfJefferson September 20, 2014
