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credit crunch |
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Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. Notes: Credit crunches are usually considered to be an extension of recessions. A credit crunch makes it nearly impossible for companies to borrow because lenders are scared and the rates are higher. The consequence is a prolonged recession (or slower recovery) resulting from the supply of credit having shrunk.
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? Mentioned in | ? References in periodicals archive | |
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| Sensible banks would respond by pulling back exposure everywhere because a credit crunch in an industry like steel or automobiles could have vast implications for debtors in all industries. There are many signs that a credit crunch is already underway. Teikoku cited "institutional financial support [from] the government, a decreasing number of promissory notes due to the credit crunch and avoidance of bankruptcy risk, with controlling investment for new business or facilities. |
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