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
More example sentences
- Economic recovery will also be impaired by the ongoing credit crunch.
- The corporate bond market, which has been vibrant for a few months, continued its invulnerability to the credit crunch this week.
- What could really hurt the industry is the credit crunch.