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

“I do not currently see the potential for private credit to contribute to an unexpected credit crunch in the same way that the asset-backed commercial paper market did in 2008,” she said.

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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.”

Read more on Reuters