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Credit crunch

(informal) a period during which there is a sudden reduction in the availability of credit from banks and other lenders


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    noun 1. (finance) a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back CDS

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    [kred-it] /ˈkrɛd ɪt/ noun 1. commendation or honor given for some action, quality, etc.: Give credit where it is due. 2. a source of pride or honor: You are a credit to your school. 3. the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen […]

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