🇰🇷Korean Source WordCode: KO

신용 팽창

Pronunciation / Transliteration: sinyong paengchang

🇬🇧 Direct English Meaning:
Credit boom/ˈkrɛd.ɪt buːm/
nounCEFR C1 (Advanced)Top #14500 frequency
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🇰🇷 Example Sentence in Korean:

"지나친 신용 팽창은 경제적 불안정을 초래할 수 있습니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A rapid and substantial expansion of lending by financial institutions, often leading to increased asset prices and economic overheating.

    "The recent credit boom has significantly increased household debt levels across the country."
  2. 2

    A period characterized by the widespread and easy availability of credit coupled with a high volume of borrowing.

    "Central banks are monitoring the current credit boom closely to prevent a potential financial crisis."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term is a compound formed from 'credit', originating from the Latin 'creditum' (something entrusted to another, a loan), and 'boom', an imitative or onomatopoeic word originating in the 19th century to denote a sudden, loud, resonant sound, later metaphorically extended in economics to describe a rapid economic expansion or surge.

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