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- Dictionarycredit crunch/ˈkrɛdɪt ˌkrʌntʃ/
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" Similar Opposite
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Jul 21, 2024 · 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.
Nov 5, 2023 · A credit crunch is a sudden reduction in the availability of credit or a tightening of lending conditions by financial institutions. It is typically caused by a combination of factors, including economic downturns, bank failures, or a decline in the value of collateral.
Jun 30, 2022 · A credit crunch is a lack of funds available in the credit market, making it difficult for borrowers to obtain financing. Learn how a credit crunch occurs, its effects on the economy, and some examples of recent crunches.
CREDIT CRUNCH definition: 1. economic conditions that make financial organizations less willing to lend money, often causing…. Learn more.
Oct 1, 2019 · A credit crunch occurs when loans are very expensive and difficult to obtain. How Does a Credit Crunch Work? During a credit crunch, lending institutions are limited as to the amount of funds they can use to make loans .
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.