credit crunch

noun

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

Example Sentences

That was more than double any other response, including fears of a possible credit crunch or a broadening of the wars in Ukraine or the Middle East.

From Seattle Times

The once-booming industry has been hit by a severe credit crunch, with some of the biggest firms now on the brink of financial collapse.

From BBC

That contrasts with Japan, where slumping property prices left banks nationwide with a huge pile of bad loans, causing a broad-based credit crunch that prolonged the economic downturn.

From Reuters

“In this scenario, higher yields crowd out the private sector and trigger a credit crunch and a recession.”

From Reuters

But bank failures in the spring threatened broader stress in the industry and a worse-than-anticipated credit crunch.

From Reuters