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Definitions of crisis
1
na crucial stage or turning point in the course of something
“after the crisis the patient either dies or gets better”
Types:
emergency, exigency, pinch
a sudden unforeseen crisis (usually involving danger) that requires immediate action
Type of:
juncture, occasion
an event that occurs at a critical time
Great Depression
the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
Types:
show 5 types...
Type of:
situation
a complex or critical or unusual difficulty
Word Family
crisis
the "crisis" family
Usage Examples
All SourcesFictionArts / CultureNewsBusinessSportsScience / MedTechnology
He said the city was witnessing a slow recovery after opening up but expected the crisis to remain until the pandemic ends.
Newt Gingrich says President Trump and all Americans face an existential crisis on par with the nation’s darkest days seen
by George Washington or Abraham Lincoln.
Washington TimesNov 6, 2020
“This puts responsibility in the hands of policymakers and the next president to manage both the health and
economic crises.”
ReutersNov 6, 2020
1. security
property that your creditor can claim in case of default
In recent decades, however, banks began selling mortgages to investors as securities (called mortgage-
backed securities, or MBS).
2. bankruptcy
a legal process for a corporation declared to be insolvent
In April 2007, New Century Financial, the second largest subprime lender in the United States,
declared bankruptcy because the company was unable to pay its creditors.
3. liquidity
the state in which a substance exhibits a readiness to flow
In August 2007, BNP Paribas, the largest Eurozone bank, warned investors that they would be unable to withdraw money
from several funds because of an evaporation of market liquidity.
4. solvent
capable of meeting financial obligations
Even with the injection of capital into the banking sector, several banks were unable to find the capital needed to
remain solvent.
5. depression
a long-term economic state with unemployment and low prices
Some commentators warned of a possible depression, referencing the terrible economic problems which hobbled the
world economy throughout the Great Depression of the 1930s.
6. stimulus
any information or event that acts to arouse action
In February 2009, U.S. president Barack Obama (1961–) signed into law a $787 billion economic stimulus package called
the American Recovery and Reinvestment Act, which included expanded unemployment benefits, aid to states, tax
cuts, and massive government spending on infrastructure projects, education, and health care.
7. infrastructure
the basic features of a system or organization
In February 2009, U.S. president Barack Obama (1961–) signed into law a $787 billion economic stimulus package called
the American Recovery and Reinvestment Act, which included expanded unemployment benefits, aid to states, tax
cuts, and massive government spending on infrastructure projects, education, and health care.
8. coup
a sudden and decisive change of government by force
On 30 September, the government of Ecuador was very nearly toppled by an apparent coup attempt by police who were
angry at the government's cuts in bonuses and promotions.
9. subsidy
a grant paid by a government to an enterprise
Some participants favored handling such debt crises on a country-by-country basis, while others advocated the
establishment of a Eurozone bond that would, in effect, amount to a subsidy for less wealthy nations.
10. yield
the income or profit arising from a transaction
Shortly after Davos, yields on Portuguese government debt reached new highs, reflecting concerns that Portugal might
also require financial assistance to cover its debts.
ynonyms of crisis
boiling point: : the temperature at which a liquid boils
breaking point: : the point at which a person gives way under stress
clutch: : to grasp or hold with or as if with the hand or claws usually strongly, tightly, or suddenly He
clutched his chest and appeared to be in pain.
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crossroad(s): : a road that crosses a main road or runs cross-country between main roads
emergency: : an unforeseen combination of circumstances or the resulting state that calls for immediate
action
exigency: : that which is required in a particular situation — usually used in plural exceptionally quick in
responding to the exigencies of modern warfare — D. B. Ottaway
extremity: : the farthest or most remote part, section, or point the island’s westernmost extremity
flash point: : the lowest temperature at which vapors above a volatile combustible substance ignite in air
when exposed to flame
head: : the upper or anterior division of the animal body that contains the brain, the chief sense organs, and
the mouth nodded his head in agreement
tinderbox: : a metal box for holding tinder and usually a flint and steel for striking a spark
zero hour: : the hour at which a planned military operation is scheduled to start
climax: : a figure of speech in which a series of phrases or sentences is arranged in ascending order of
rhetorical forcefulness
landmark: : an object (such as a stone or tree) that marks the boundary of land
pass: : move , proceed , go The boat was too tall to pass under the bridge.
deadlock: : a state of inaction or neutralization resulting from the opposition of equally powerful
uncompromising persons or factions : standstill the deadlock was broken with a key compromise
stalemate: : a drawing position in chess in which a player is not in checkmate but has no legal move to play
corner: : the point where converging lines, edges, or sides meet : angle
fix: : to make firm, stable, or stationary We led out more rope and fixed it in place up steeper snow. — Joe
Tasker & Peter Boardman
hole: : an opening through something : perforation The coat has a hole in it. a bullet hole
hot water: : trouble sense 4 , difficulty was in hot water with the authorities
last ditch: : fought or conducted from the last ditch : waged with desperation or unyielding defiance put up
a last-ditch resistance
pinch: : to squeeze between the finger and thumb or between the jaws of an instrument
spot: : a taint on character or reputation : fault the only spot on the family name
eleventh hour: : the latest possible time before it is too late still making changes at the eleventh hour
last minute: : the moment just before some climactic, decisive, or disastrous event