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credit crunch
cred·it crunch (plural cred·it crunch·es)


noun 
Definition:
 
finance credit squeeze: a situation in which the amount of available credit in an economy is restricted and so slows down economic activity
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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