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Credit crunch
CREDIT CRUNCH

Definition: Period during which there is a sudden reduction in the availability of credit from banks, mortgage lenders, etc.
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* All seven elements would be in.


1. Not foreseen. And never predicted. (See definition, to emphasize.)

2. The cause or causes for suddenness and reduction can be known.

3. Eligible or qualified applicants for credit are on a waiting queue.

4. Impact of stringency will be felt in an economy by the consumers.

5. Domino effect of the paucity will be negative and long-lasting.

6. Lasts or continues for a tolerable or reasonable period of time.

7. Internal controls and/or strict enforcement of regulations in the financial institutions will still be in place throughout the period.
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See perfect CORPORATE GREED.

See perfect GOLDEN HANDSHAKE.

See perfect CREDITWORTHINESS.

See perfect BELT-TIGHTENING.

See perfect BOOM-BUST CYCLE.

See perfect CREATIVE ACCOUNTING.

See perfect EMBARRASSMENT OF RICHES.

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