"bad bank" meaning in English

{
  "etymology_text": "Possibly derived from a usage by Walter Bagehot in Lombard Street: \"The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank.\"",
  "forms": [
    {
      "form": "bad banks",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "bad bank (plural bad banks)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Banking",
          "orig": "en:Banking",
          "parents": [
            "Finance",
            "Industries",
            "Business",
            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "examples": [
        {
          "ref": "1992, Business Week",
          "text": "And Grant Street National Bank, as the bad bank is called, ... The bad bank and its 75 workout specialists proved adept at unloading sorry loans",
          "type": "quotation"
        },
        {
          "ref": "1999, Benton E. Gup, International banking crises, page 249",
          "text": "In the 1980s, another method of problem resolution emerged, known as a good-bank, bad-bank split model.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "A bank created to specialize in the ownership of defaulted loans and their collection."
      ],
      "id": "en-bad_bank-en-noun-Hn6uqmIG",
      "links": [
        [
          "banking",
          "banking#Noun"
        ]
      ],
      "raw_glosses": [
        "(banking) A bank created to specialize in the ownership of defaulted loans and their collection."
      ],
      "related": [
        {
          "word": "toxic assets"
        }
      ],
      "synonyms": [
        {
          "word": "collection bank"
        }
      ],
      "topics": [
        "banking",
        "business"
      ],
      "translations": [
        {
          "code": "nl",
          "lang": "Dutch",
          "sense": "bank specializing in bad credits",
          "tags": [
            "feminine"
          ],
          "word": "bad bank"
        },
        {
          "code": "fi",
          "lang": "Finnish",
          "sense": "bank specializing in bad credits",
          "word": "roskapankki"
        },
        {
          "code": "de",
          "lang": "German",
          "sense": "bank specializing in bad credits",
          "tags": [
            "feminine"
          ],
          "word": "Bad Bank"
        },
        {
          "code": "sv",
          "lang": "Swedish",
          "sense": "bank specializing in bad credits",
          "word": "bad bank"
        },
        {
          "code": "sv",
          "lang": "Swedish",
          "sense": "bank specializing in bad credits",
          "word": "skräpbank"
        },
        {
          "code": "sv",
          "lang": "Swedish",
          "sense": "bank specializing in bad credits",
          "word": "dålig bank"
        }
      ]
    }
  ],
  "word": "bad bank"
}

{
  "etymology_text": "Possibly derived from a usage by Walter Bagehot in Lombard Street: \"The cardinal maxim is, that any aid to a present bad bank is the surest mode of preventing the establishment of a future good bank.\"",
  "forms": [
    {
      "form": "bad banks",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "bad bank (plural bad banks)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "related": [
    {
      "word": "toxic assets"
    }
  ],
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "English terms with quotations",
        "en:Banking"
      ],
      "examples": [
        {
          "ref": "1992, Business Week",
          "text": "And Grant Street National Bank, as the bad bank is called, ... The bad bank and its 75 workout specialists proved adept at unloading sorry loans",
          "type": "quotation"
        },
        {
          "ref": "1999, Benton E. Gup, International banking crises, page 249",
          "text": "In the 1980s, another method of problem resolution emerged, known as a good-bank, bad-bank split model.",
          "type": "quotation"
        }
      ],
      "glosses": [
        "A bank created to specialize in the ownership of defaulted loans and their collection."
      ],
      "links": [
        [
          "banking",
          "banking#Noun"
        ]
      ],
      "raw_glosses": [
        "(banking) A bank created to specialize in the ownership of defaulted loans and their collection."
      ],
      "topics": [
        "banking",
        "business"
      ]
    }
  ],
  "synonyms": [
    {
      "word": "collection bank"
    }
  ],
  "translations": [
    {
      "code": "nl",
      "lang": "Dutch",
      "sense": "bank specializing in bad credits",
      "tags": [
        "feminine"
      ],
      "word": "bad bank"
    },
    {
      "code": "fi",
      "lang": "Finnish",
      "sense": "bank specializing in bad credits",
      "word": "roskapankki"
    },
    {
      "code": "de",
      "lang": "German",
      "sense": "bank specializing in bad credits",
      "tags": [
        "feminine"
      ],
      "word": "Bad Bank"
    },
    {
      "code": "sv",
      "lang": "Swedish",
      "sense": "bank specializing in bad credits",
      "word": "bad bank"
    },
    {
      "code": "sv",
      "lang": "Swedish",
      "sense": "bank specializing in bad credits",
      "word": "skräpbank"
    },
    {
      "code": "sv",
      "lang": "Swedish",
      "sense": "bank specializing in bad credits",
      "word": "dålig bank"
    }
  ],
  "word": "bad bank"
}