Credit crunch

Rarity: Common

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

A credit crunch (a credit squeeze, credit tightening or credit crisis) is a sudden reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from banks.

Excerpt from the Wikipedia article “Credit crunch”, under the CC BY-SA 4.0 license. Read the article on Wikipedia