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Texas ratio

Texas ratio  n.— «In banking, distress can be gauged by comparing the amounts of delinquent loans and other nonperforming assets on the books against capital and loan-loss reserves—a measure known in the industry as a “Texas ratio.” A...

zombie company

zombie company  n.— «A new phrase, “zombie companies,” was coined to describe those companies kept alive by banks even though they were insolvent. Some were property companies the value of whose assets had fallen by more than 30 per...