flight to cash n.— «With a full-scale banking crisis now in play, there followed the usual symptoms of such events—bank closures and insolvencies, a flight to “cash,” the creation of a “secondary market” in frozen...
flight to cash n.— «But there were persistent rumors in 1974 that the banking system was in danger, Mr. Richardson said. Without the boost of confidence from the Lifeboat, those rumors might have become self-fulfilling, and if one major...