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credit crunch

Word family
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.
ˈcredit crunch noun
Chinese
Syllable

See also: credit crunch


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