noun
Powered by Oxford Dictionaries
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 (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 interest rates. In such situations the relationship be... Wikipedia
