zero-hour rule

What is zero-hour rule?

zero-hour rule definition and meaning on Finance terms:
A provision in the insolvency law of some countries whereby the transactions conducted by an insolvent institution after midnight on the date the institution is declared insolvent are automatically ineffective by operation of law. See also
unwind<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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