noun
a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high
• Syn: ↑liquidity crisis, ↑squeeze
• Hypernyms: ↑financial condition
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credit crunch noun (informal)
A sudden and drastic reduction in the availability of credit
• • •
Main Entry: ↑credit
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an economic condition in which it suddenly becomes difficult and expensive to borrow money
•
In a credit crunch, lenders stop lending and credit becomes tough to obtain.
•
Consumer confidence is plunging as the credit crunch hits household budgets.
•
Many companies will not survive the unfolding credit crunch.
Useful english dictionary. 2012.