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(Banking & Finance) informal a period during which there is a sudden reduction in the availability of credit from banks and other lenders
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
An economic situation in which there is a shortage of cash to lend to businesses and individuals, and interest rates are high.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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|Noun||1.||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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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