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Definition

Financial crisis.

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How it's used

Refers specifically to a state of severe financial distress or insolvency rather than just having a tight budget. It is a formal term often used in news reports or serious discussions about businesses, governments, or households. While it sounds professional, it is perfectly acceptable to use in casual conversation when describing a significant personal or organizational money problem.

Examples

The company has recently encountered a financial crisis.

Related words

Common phrases

Grammar color guide

Noun
Verb
Adjective
Adverb
Pronoun
Classifier
Particle
Connector