bad bank

Etymology
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."

Noun

 * 1)  A bank created to specialize in the ownership of defaulted loans and their collection.

Translations

 * Dutch: bad bank
 * Finnish:
 * German:
 * Swedish: bad bank, skräpbank, dålig bank