run on banks
Mass withdrawal crisis
A run on banks is a crisis in which many depositors simultaneously withdraw their money, fearing the institution will fail.
Since banks lend out most deposits, they can't satisfy everyone at once—the panic becomes self-fulfilling.
The phrase evokes crowds literally running to get their money: The 1929 crash triggered runs on banks across the country.
A single institution experiences a bank run.
- panicUncontrollable sudden fear
- financial panicWidespread economic fear
- withdrawalAct of taking away
- depositsMaterial settled or stored
- life savingsTotal accumulated personal wealth
crash · queues · long lines · savings · collapse · financial · crisis · too big to fail · contagion · fear · losing faith · insolvency · Great Depression · customers · cash · tellers · cold hard cash · lines
- financial crisesfinancial collapse, economic collapse, market crash, credit crunch, market panic
run on banksfinancial stability
Sound economic standing
financial security · liquidity · fiscal health · bull market · economic boom
run on bankslong-term investment
run, runs, running, ran, runner, runners, runny, overrun, rerun