Definition from Wiktionary, the free dictionary
Jump to: navigation, search

Please explain: The Economist has compiled a credit-crunch index, comprising a number of measures on everything from bank lending to the cost of buying insurance against default for banks, firms and sovereigns in the euro zone. A single index disguises big differences between weaker and stronger states, but it shows that credit is crunchier now than it was at the height of the banking crisis in 2008 (see chart 2). --LA2 (talk) 19:42, 27 May 2012 (UTC)

Probably means that credit is tighter and lending is riskier, more expensive and harder to get. Not a normal use of the term, of course, though obviously tempting to bored journalists. DCDuring TALK 22:14, 27 May 2012 (UTC)