underbanked

English

Etymology

under- +‎ banked

Adjective

underbanked (comparative more underbanked, superlative most underbanked)

  1. Having inadequate access to financial services or formal banking facilities.
    Coordinate term: unbanked
    • 2007, Luisa Anderloni, Maria Debora Braga, Emanuele Maria Carluccio, New Frontiers in Banking Services, page 15:
      In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions.
    • 2008 March 8, Liz Galst, “Banks Springing Up to Serve the Underserved”, in New York Times‎:
      According to a 2004 report by the Federal Deposit Insurance Corporation, the “rapid growth of the underbanked Hispanic market suggests a new growth opportunity for many institutions.”
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.