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credit crunch

   Also found in: Financial, Wikipedia 0.04 sec.
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Noun1.credit crunch - a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high
financial condition - the condition of (corporate or personal) finances


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Sensible banks would respond by pulling back exposure everywhere because a credit crunch in an industry like steel or automobiles could have vast implications for debtors in all industries.
Teikoku cited "institutional financial support [from] the government, a decreasing number of promissory notes due to the credit crunch and avoidance of bankruptcy risk, with controlling investment for new business or facilities.
 
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