One of the mysteries of the English language finally explained.
1(of an area) with insufficient banks to meet market demand.
- ‘The lure of the region is that the area is seriously underbanked, especially on the retail side.’
- ‘Do you still see the ‘unbanked’ and ‘underbanked’ as your primary target?’
- ‘And markets like this country's are still significantly underbanked, so there is much growth potential.’
- 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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