expression, noun
lender of last resort
A financial term for an institution, usually a central bank, that provides funds when no other lender will.
中央銀行は最後の貸し手として機能する。
The central bank functions as the lender of last resort.
Standard kanji spelling for this financial term.
Variant spelling using the simplified form 貸手.
A direct translation of the English financial term 'lender of last resort', composed of 最後 (last) + の + 貸し手 (lender).