Examlex
When using an optimistic approach, during the write phase, the transaction is validated to ensure that the changes made will not affect the integrity and consistency of the database.
Bank Panics
A situation in which a large number of bank customers withdraw their deposits simultaneously due to fears that the bank will become insolvent.
Deterrent
A factor or policy intended to discourage certain behaviors by instilling fear of the consequences.
Fractional Reserve
A banking system in which banks hold a fraction of the deposits as reserves, lending the rest to generate profit.
Reserves
Assets kept on hand by a bank or financial institution to meet emergency needs or regulatory requirements.
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