单词 | credit crunch |
释义 | > as lemmascredit crunch credit crunch n. a severe reduction in lending by banks and other financial institutions, typically as a result of widespread (or anticipated) defaulting on loans, mortgages, etc.; (also) a period characterized by this. ΚΠ 1966 Los Angeles Times 12 Dec. c12/6 Our credit authorities were caught napping last January. They did not correctly visualize the credit crunch that lay ahead. 1974 Amer. Jrnl. Agric. Econ. 56 1065/2 Concern is developing in the financial arena about the possibility of another credit crunch. 1990 N.Y. Mag. 19 Nov. 43/1 With the credit crunch, many American companies are approaching foreign banks for loans. 2008 Centre Daily Times (Nexis) 14 Oct. a1 The shutdown of inter-bank lending has caused a global credit crunch that threatens to trigger a worldwide recession. < as lemmas |
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