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underbanked Syllabification: un·der·banked
Pronunciation: /ˌəndərˈbaNGkt/

Entry from US English dictionary

Definition of underbanked in English:


1(Of an area) with insufficient banks to meet market demand.
Example sentences
  • The lure of the region is that the area is seriously underbanked, especially on the retail side.
  • And markets like this country's are still significantly underbanked, so there is much growth potential.
  • Do you still see the ‘unbanked’ and ‘underbanked’ as your primary target?
1.1(Of consumers) lacking full use of banking facilities.
2(Of an investment issue) not adequately underwritten by financing institutions.
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