« Back to Glossary Index« Back to Glossary Index
Tags: finance
Categories: Economics & Finance
The term applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.
(source: http://en.wikipedia.org/wiki/Financial_crisis)
Synonyms:
crash
