Business English word of the day: credit crunch

credit crunch : une période quand il est plus difficile d’obtenir un crédit, souvent pendant une crise économique, et souvent lié à des mauvaises décisions des prêteurs…

“Many small to medium size companies are suffering because of the credit crunch. The banks have decided only to lend to low-risk companies”

“The present credit crunch is a result of irresponsible lending in the past, so banks are now refusing to lend money, people can’t get loans to buy houses, house prices are falling and the economy is moving into recession”

Les clés du management intégral

3 comments

  1. If I may… an “allegation’ is the claim of a fact by someone. However, that does not *necessarily* mean the said fact is true, as this could only be someone’s point of view and actually false.

    Quotes are always a great way to see any word in use:

    “God as my witness, may He strike me down if this allegation is true.” -Paul Crouch

    “If the many allegations made to this date are true, then the burglars who broke into the headquarters of the Democratic National Committee at the Watergate were, in effect, breaking into the home of every citizen.” – Sam Ervin (about the Watergate incident)

    More quotes: http://www.brainyquote.com/quotes/keywords/allegations.html

  2. C’est super, je peu donc parler correctement, quand il s’agit de parle de la crise economique qui affecte le monde d’aujourd’hui!

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