"Credit meltdown" refers to a severe and widespread collapse in the availability or affordability of credit, which is the money that individuals, businesses, or governments borrow from lenders. During a
credit meltdown, it becomes extremely difficult for people to get loans or borrow money, leading to economic instability and financial crises.
Full definition
Synonyms for individual words can be found below.
«credit»
«meltdown»
Sentences with «credit meltdown»
- Since the global credit meltdown of 2008, federal Finance Minister Jim Flaherty has attempted to bolster the housing market by toughening mortgage requirements. (canadianbusiness.com)
- Tomorrow, I'll be attending «Global Credit Meltdown!!!!», which could be the title of a sequel to an Al Gore movie but is actually a talk at the U of Toronto Law Faculty. (archeretf.com)
- 3) Do you expect the next credit meltdown to come from within the US (as your article suggests is possible) or externally? (alephblog.com)
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sentences)