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|English to English translations [PRO]|
|English term or phrase: looking for term for a banking concept|
|Banks are obliged by law to keep a certain percentage of liquid funds available, in other words this money has to be left there, unused, and not earning anything, becuase it simply has to be available. The reason is to cover the possibility of a 'run' when a number of deposit holders might want to close their accounts all at once.|
I seem to rmember years ago when i studied business that there was a specific term for this, but can't remember for the life of me (In Es it's ratio de cobertura, 'coverage ratio')
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Local time: 14:04
|thanks to all:-)|
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