credit squeeze

a restraint or limitation of credit.

1950–55 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
credit squeeze
the control of credit facilities as an instrument of economic policy, associated with restrictions on bank loans and overdrafts, raised interest rates, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Even before the currency plunge, companies in both countries had started to
  feel the credit squeeze.
Nonetheless, parts of the economy may still be caught in a genuine credit
Next, the credit squeeze kicked in with a vengeance.
Because a credit squeeze raises market interest rates, it will slow the economy
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