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- DictionaryCred·it crunch/ˈkredit ˌkrənCH/
noun
- 1. a sudden sharp reduction in the availability of money or credit from banks and other lenders: "the beleaguered company has become the latest victim of the credit crunch"
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Aug 27, 2021 · A credit crunch refers to a decline in lending activity by financial institutions brought on by a sudden shortage of funds. A credit crunch often occurs in...
A credit crunch (also known as a credit squeeze, credit tightening or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official ...
Jun 30, 2022 · Updated June 30, 2022. Reviewed by. Robert C. Kelly. Fact checked by Marcus Reeves. A credit crunch occurs when there is a lack of funds available in the credit market, making...
Jun 23, 2017 · A credit crunch (also known as a credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) 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.
noun. ECONOMICS, FINANCE uk us (also credit crisis, credit squeeze) Add to word list. [ C ] economic conditions that make financial organizations less willing to lend money, often causing serious economic problems: Japan experienced a major credit crunch in the late nineties.
Mar 19, 2024 · A credit crunch refers to a decline in lending activity caused by a sudden shortage of funds, often occurring during recessions. Causes of a credit crunch include lax lending standards, rising default rates, and financial instability.
According to Collins Dictionary, a credit crunch is: “A period during which there is a sudden reduction in the availability of credit from banks and other lenders.” This reduction in the availability of credit may prolong an economic recession. It might also slow down a recovery. This occurred in the Great Depression.
