DEFINITION
Credit Crunch

"Credit crunch": Economics. 1. A large and rapid reduction in the general availability of borrowings, or a similarly large and rapid increase in the cost of borrowing. 2. In particular, the rapid reduction in interbank lending from 2007, and its wide ranging adverse effects on other financial markets and on the economy.
Loading conversations.
Similar or Related Terms
Statistics
270
Characters
52
Words
45.46
Flesch Reading Ease
11.2
Flesch Kincaid Grade