credit crunch
8
4.5
- noun
- /ˈkrɛdɪt krʌnʧ/
:
crisis de crédito
- As the credit crunch worsened, banks became increasingly reluctant to lend money to consumers and businesses.
Instead, look for what a credit crunch could potentially do during the next shock.
- Instead, look for what a credit crunch could potentially do during the next shock.
- Now we had three years of double digit growth in the lead up to the credit crunch.
- We've had major global depressions, financial crises, credit crunches, you name it, and we've not descended into mass revolt and upheaval.
- Are we seeing any accelerating of a credit crunch?
- banks since the credit crunch, largely driven by this additional regulatory burden that they face.
Examples
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Such scenes are mirrored in similar credit unions across the country as the credit crunch and economic slowdown start to hit people in their pockets.
Academic text (2009) -
The credit crunch got much worse in September, going far beyond what central banks and regulators could handle.
Academic text (2008) -
The first is that the credit crunch was under control by August 2008.
Academic text (2008) -
Despite their efforts, the credit crunch got worse after August 2008.
Academic text (2008) -
Interest rates were not falling, and that made the credit crunch worse.
Blog text (8) -
Meanwhile, the credit crunch and the reactions to it are already having their economic impact.
Academic text (2008) -
A credit crunch threatened the entire world economy, and then finally, the government stepped in.
-
Therefore, the credit crunch did not affect commercial property owners nearly as much as it affected residential homeowners.
Academic text (2016) -
The currency crisis produced a severe credit crunch and large-scale unemployment in Korea.
Academic text (2000) -
The Italian real estate industry has been undergoing profound changes and increasing difficulties due to the credit crunch over the past decade, worsened by the banking system and the resulting lack of liquidity.
Academic text (2016)
Synonyms
23
5.5
A situation when money problems make it hard to manage things
2
7.5
A time when banks lend less and interest rates are high
1
7.3
A time when people, banks, and businesses cannot get cash or loans quickly
1
6.4
A situation where money or credit is hard to get
How Severe
8
4.5
- Literature
2
7.5
Surface Forms
Morphology
The compound 'credit crunch' directly combines 'credit' (loans/borrowing) with 'crunch' (a pressing shortage or crisis), so the meaning 'shortage of available credit' is readily derivable from the constituents. This noun+noun compositional pattern and similar metaphors in many languages make it likely understandable to a B1 learner who knows both words.
Etymology
Credit crunch puts credit, meaning loans, and crunch, meaning a tight squeeze, together to show money being squeezed and hard to find. So it means a time when 'loans are hard to get'.