financial crisis
Definition
A severe, sudden disruption in the financial markets or banking system, characterized by sharp declines in asset prices, failures of financial institutions, and widespread economic distress.
An economic event where liquidity dries up, credit freezes, and investor confidence collapses, often triggering recessions or depressions.
A systemic instability in the economy's financial infrastructure, frequently exacerbated by excessive debt, speculation, or regulatory failures.
Examples
The financial crisis turned my retirement fund into a retirement suggestion.
During the financial crisis, bankers discovered that 'too big to fail' meant 'too greedy to learn.'
She predicted the financial crisis by noticing her coffee budget rivaling her mortgage payments.
In the financial crisis, even the stock market lemmings paused before jumping off the cliff.