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credit crunch
 

Definitions from WordNet

Noun credit crunch has 1 sense
  1. credit crunch, liquidity crisis, squeeze - a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high
    --1 is a kind of financial condition, economic condition

Definitions from the Web

Credit Crunch

Noun:

1. A period of financial difficulty characterized by a tight availability of credit from banks and other financial institutions, which may result in reduced lending to businesses and individuals.

Example sentence: The credit crunch of 2008 had a profound impact on the global economy.

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