The third ‘layer’ of a bank’s capital base.
I hope that my definition has helped you understand what Tier 3 is. If not, please do leave a comment below. I read every comment and will reply to clarify your questions just as soon as I can.
If you are interested in finding out more on explanations of banking words such as Tier 3 then please sign up for the ‘Word of the Day’ email. You will receive one definition in your mailbox each morning. Its a great way to learn some new terms which will really help you be an all-round expert at work.
Did the definition of Tier 3 help you? Please leave your comments below.