Lender of last resort

This page is a candidate to be to AskFactMaster.Com.
If the page can be into an encyclopedic article, rather than a dictionary definition, please do so and remove this message.
Otherwise, you can help by formatting it per the AskFactMaster.Com in preparation for the move.

Lender of last resort is usually a bank or check cashing store or usually a card shark who lends money and then literally charges an arm and/or a leg for money if it is not fully paid back in full, with the full interest of course. Compare with payday loan.

This article is licensed under the GNU Free Documentation License. It uses material from Wikipedia article. Browse Wikipedia for more information.