shadow banking system
Word Rarity
Uncommon
Frequency: Zipf frequency 4.08 in modern English
38
Scrabble Score
19
Letters
4
Syllables
15
Unique Chars
Meaning
Example Sentences
- "Meronym: private credit"
- "Given the Chinese banking sector's predominance in the economy, it seems surprising that China appears to need another, parallel, shadow banking system."
Etymology
Coined by Paul McCulley in 2007. Parallel with earlier constructions such as shadow cabinet and shadow government as names for quasi-institutions running unofficially in parallel with the official institutions.