Definition
挤兑 is a financial term referring to a bank run — when a large number of depositors simultaneously withdraw their money from a bank due to fears of insolvency. It can be used as a verb (e.g., 银行被挤兑) or as a noun (e.g., 发生挤兑). The word is formed from 挤 (to crowd) and 兑 (to exchange), literally 'crowded exchange'.
v.
a bank run(of depositors) to withdraw money en masse from a bankto experience a bank run (of a bank)
Examples
- ，挤兑。Yóuyú jīngyíng bú shàn, zhè jiā yínháng miànlín zhe yánzhòng de jǐ duì fēngxiǎn.Due to poor management, this bank faces a serious risk of a bank run.
- ，挤兑。Jīngjì wēijī qíjiān, duō jiā yínháng dōu bèi jǐ duì le.During the economic crisis, many banks experienced runs.
- 挤兑，。Yáoyán dǎozhì chǔhù fēnfēn qiánqù jǐ duì, yínháng bùdébù jǐnjí yìngduì.Rumors caused depositors to rush in for a run, and the bank had to respond urgently.
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