ZOMBIE BANK
Zombie Bank refers to a bank or any financial institution that has a net worth below zero. It usually has a lot of non-performing assets on its balance sheet, thus making future earnings difficult to gauge. However, despite having a negative net worth, a zombie bank still manages to operate due to government backings. These backings or bailouts allow such bank to escape bankruptcy and continue to meet debt obligations.
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DOP
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Endowment
Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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