credit crunch

World English Dictionary
credit crunch
 
n
informal a period during which there is a sudden reduction in the availability of credit from banks and other lenders

Collins English Dictionary - Complete & Unabridged 10th Edition
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Credit crunch is always a great word to know.
So is ninnyhammer. Does it mean:
a fool or simpleton; ninny.
the offspring of a zebra and a donkey.
WordNet
credit crunch

noun
a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high 
WordNet® 3.0, © 2006 by Princeton University.
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