credit crunch

noun

1. informal,  a period during which there is a sudden reduction in the availability of credit from banks and other lenders

Example Sentences

That was more than double any other response, including fears of a possible credit crunch or a broadening of the wars in Ukraine or the Middle East.

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The once-booming industry has been hit by a severe credit crunch, with some of the biggest firms now on the brink of financial collapse.

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That contrasts with Japan, where slumping property prices left banks nationwide with a huge pile of bad loans, causing a broad-based credit crunch that prolonged the economic downturn.

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“In this scenario, higher yields crowd out the private sector and trigger a credit crunch and a recession.”

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But bank failures in the spring threatened broader stress in the industry and a worse-than-anticipated credit crunch.

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