- credit freeze
- noun (C) a period during which the government makes it more difficult for people to borrow money, to reduce the amount of money people spend
Longman dictionary of contemporary English. 2004.
Longman dictionary of contemporary English. 2004.
credit freeze — ➔ freeze2 * * * credit freeze UK US noun [C, usually singular] ► ECONOMICS, FINANCE a situation in which actions by a government force banks to stop lending money: » A sign that the credit freeze may be thawing is a drop of .01% in the interest… … Financial and business terms
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