挤兑 (jǐ duì) — a bank run; (of depositors) to withdraw money en masse from a bank; to experience a bank run (of a bank)
Definition
A specialized finance term for a 'bank run' — depositors rushing to withdraw money at once. 挤 is 'to crowd, push' and 兑 is 'to exchange/cash in', so the word literally pictures throngs cashing out.
verb
a bank run(of depositors) to withdraw money en masse from a bankto experience a bank run (of a bank)
Examples
- ，挤兑。Yóu yú jīng yíng bú shàn, zhè jiā yín háng miàn lín zhe yán zhòng de jǐ duì fēng xiǎn.Due to poor management, this bank faces a serious risk of a bank run.
- ，挤兑。Jīng jì wēi jī qī jiān, duō jiā yín háng dōu bèi jǐ duì le.During the economic crisis, many banks experienced runs.
- 挤兑，。Yáo yán dǎo zhì chǔ hù fēn fēn qián qù jǐ duì, yín háng bù dé bù jǐn jí yìng duì.Rumors caused depositors to rush in for a run, and the bank had to respond urgently.
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