CREDITCRUNCH

Credit crunch

A credit crunch is a reduction in the general availability of loans or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. In such situations, the relationship between credit availability and interest rates has implicitly changed, such that either credit becomes less available at any given official interest rate, or there ceases to be a clear relationship between interest rates and credit availability . Many times, a credit crunch is accompanied by a flight to quality by lenders and investors, as they seek less ...

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credit crunch

Noun

  1. A period of economic crisis in which credit and investment capital are difficult to obtain.


The above text is a snippet from Wiktionary: credit crunch
and as such is available under the Creative Commons Attribution/Share-Alike License.

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