credit crunch

Word family nouncreditabilitycreditablenesscreditorcreditworthinesscredit accountcredit cardcredit crunchcredit notecredit ratingcreditadjectivecreditablecreditworthyadverbcreditably

ˈcredit crunch noun [singular]

a time when borrowing money becomes difficult because banks reduce the amount they lend and charge high interest rates 信贷紧缩

From Longman Business Dictionary

credit crunchˈcredit ˌcrunch noun [singular]BANKINGECONOMICS

when borrowing money becomes difficult because banks are forced to reduce the amount they lend

One reason for the credit crunch is that bankers fear that regulators are more likely to classify loans as bad.

单词	credit crunch
释义	credit crunch Word family nouncreditabilitycreditablenesscreditorcreditworthinesscredit accountcredit cardcredit crunchcredit notecredit ratingcreditadjectivecreditablecreditworthyadverbcreditably ˈcredit crunch noun [singular] a time when borrowing money becomes difficult because banks reduce the amount they lend and charge high interest rates 信贷紧缩 From Longman Business Dictionary credit crunchˈcredit ˌcrunch noun [singular]BANKINGECONOMICS when borrowing money becomes difficult because banks are forced to reduce the amount they lend One reason for the credit crunch is that bankers fear that regulators are more likely to classify loans as bad.
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