Troubled Asset Relief Program (TARP)

Updated: Aug 20, 2021

A US government programme which was a component of the Emergency Economic Stabilization Act of 2008. The programme gave authority to the Secretary of the US Department of Treasury to buy mortgage-backed securities and other financial instruments from the financial institutions hurt by the 2008-9 financial crisis in order to improve liquidity and stability of the country’s financial system.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.