TeachMeFinance.com - explain credit crunch
credit crunch -- A sudden reduction in the availability of loans
and other types of credit from banks and capital markets at given interest rates . The reduced availability of credit can result from many factors,
including an increased perception of risk on the part of lenders, an imposition
of credit controls, or a sharp restriction of the money supply.
credit crunch -- slang for a general economic condition in which loans are harder to obtain.