credit crunch
| Jump To: |
 Link/Cite |
| Also found in: |
 Webster's Finance Dictionary |
credit crunch definition - business
credit crunch
A period during which borrowed funds are difficult to obtain and, even if funds can be found, interest rates are very high. Credit crunches were particularly severe before 1980, when the ceilings on interest rates that financial institutions could pay resulted in a drying up of deposits.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Alternate definitions:
Link to this page:
Cite this page:
MLA Style
"credit crunch." Business. 2009
- Your Dictionary. 4 July 2009
- <www.yourdictionary.com/business/credit-crunch>
APA Style
credit crunch. (2009). In Business
- Retrieved July 4th, 2009, from www.yourdictionary.com/business/credit-crunch
Browse dictionary definitions near credit crunch
Print this Page
Suggestion Box
Send to Friend
Follow YD on Twitter
Comments:
Please Login or Register to post a comment