Meaning of the word "Credit crunch" in English
What does "Credit crunch" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
Credit crunch
US /ˈkred.ɪt ˌkrʌntʃ/
UK /ˈkred.ɪt ˌkrʌntʃ/
Noun
a sudden sharp reduction in the availability of money or credit from banks and other lenders
Example:
•
The global financial crisis of 2008 was largely caused by a severe credit crunch.
•
Businesses struggled to get loans during the recent credit crunch.
Related Word: