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🇰🇷Korean Source WordCode: KO

신용 경색

Pronunciation / Transliteration: sin-yong gyeong-saek

🇬🇧 Direct English Meaning:
Credit crunch/ˈkrɛd.ɪt krʌntʃ/
nounCEFR C1 (Advanced)Top #4500 frequency
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🇰🇷 Example Sentence in Korean:

"신용 경색으로 인해 기업들이 자금 조달에 어려움을 겪고 있다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A sudden reduction in the general availability of loans or a strict tightening of the conditions required to obtain a loan from banks.

    "Many small businesses struggled to survive the severe credit crunch triggered by the banking crisis."
  2. 2

    A sharp increase in the cost of obtaining credit due to a scarcity of loanable funds in the financial markets.

    "Homebuyers faced soaring interest rates as the credit crunch took full effect across the mortgage sector."
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Thesaurus & Semantic Spectrum

Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'credit' from Latin 'creditum' (something entrusted to another, a loan) via Italian 'credito', and 'crunch', an imitative English word originating in the 18th century meaning a crushing noise or, by extension, a critical situation or severe shortage. The compound phrase gained prominent economic usage in the late 20th century to describe sudden reductions in the availability of loans.

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