financial crisis



A situation in which the supply of money is outpaced by the demand for money. This means that liquidity is quickly evaporated because available money is withdrawn from banks, forcing banks either to sell other investments to make up for the shortfall or to collapse. See also recession.

Use financial crisis in a sentence

  • If your business is ever in a financial crisis you may need to call on some favors and hope you can get the help you need.

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  • The financial crisis experienced by the generation of businesses will never be forgotten so we are learning from our past.

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  • My family was experiencing a financial crisis and called upon me, the college graduate, to help them out of it.

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