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Definition of Shadow banking system
1. Noun. (pejorative banking finance economics) Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets. ¹
¹ Source: wiktionary.com
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1. Noun. (pejorative banking finance economics) Non-bank financial institutions, that, like banks, borrow short and in liquid forms and lend or invest long in more illiquid assets. ¹
¹ Source: wiktionary.com