credit squeeze

noun
a restraint or limitation of credit.

Origin:
1950–55

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Collins
World English Dictionary
credit squeeze
 
n
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
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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
  squeeze.
Next, the credit squeeze kicked in with a vengeance.
Because a credit squeeze raises market interest rates, it will slow the economy
  down.
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