TARP meaning in Banking ?

Answer:

What is Troubled Asset Relief Program mean?

The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George Bush. It was a component of the government's measures in 2009 to address the subprime mortgage crisis.

The TARP originally authorized expenditures of $700 billion. The Emergency Economic Stabilization Act of 2008 created the TARP. The Dodd–Frank Wall Street Reform and Consumer Protection Act, signed into law in 2010, reduced the amount authorized to $475 billion. By October 11, 2012, the Congressional Budget Office (CBO) stated that total disbursements would be $431 billion, and estimated the total cost, including grants for mortgage programs that have not yet been made, would be $24 billion.

On December 19, 2014, the U.S. Treasury sold its remaining holdings of Ally Financial, essentially ending the program.

reference

Full Form	Category
Technical Assistance Research Programs	Academic & Science
Troubled Asset Relief Program	Banking
Technical Assistance Research Program	Business
Transparency Accountability Rights for Parents	Community
Tunku Abdul Rahman Park	Community
Technical Access And Rescue Pack	Computing
Technology Acceptance Reciprocity Partnership	Computing
Target Identifiers Address Resolution Protocol	Computing
Totally A Rug Pull	Cryptocurrency
The Anti Rocketship People	General
Tid Address Resolution Protocol	General
Trigger Action Response Plan	General
Tunnel and Reservoir Plan	General
Taxpayer Asset Redirection Program	General
Translocated Actin Recruiting Protein	General
Training Advocacy Referral Peer	General
Traffic Accident Reportable	General
Toyota Associates Referral Program	General
Transportation Accounts Receivable and Payment System	Governmental
Total Appendage Restraint Procedure	Governmental
Total Appendage Restraint Position	Governmental
Tunnel And Reservoir Project	Governmental
Troubled Assets Relief Program	Governmental
Target Alignment Relaxation and Performance	Military and Defence
Target Acquisition and Reconnaissance Platoon	Military and Defence
Tarpaulin	Space Science