Sudden and heavy cash withdrawals by depositors who have lost confidence in the viability of a bank, or expect the local economy to crash or slow down drastically. Unlike the depositors of years gone (who jammed the bank counters demanding their money) today's depositors quietly move out their funds via electronic transfers.
Use 'bank run' in a Sentence
We had experienced a large bank run and a lot of people were complaining to us as well about our recent problems with our system.
The bank run was not helping investor sentiment in the market so we decided to launch an investigation into the motivations of the participants.
When the economy was collapsing 7 or 8 years ago many people made a bank run and held on to their money themselves.
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