underbanked
English
editEtymology
editAdjective
editunderbanked (comparative more underbanked, superlative most underbanked)
- 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[1]:
- 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.”