BANK RUN
Situation in which a huge number of bank or other financial institution’s customers suddenly withdraw their deposits simultaneously due to bank’s solvency concerns or they lost confidence to its viability. The possibility of default increases as more individuals pull out their funds. In extreme cases, a bank’s reserves may not be enough to cover withdrawals. Nowadays, people quietly take out their money via electronic transfers. Also known as run.
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
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Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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