Definition of "financial crisis" []

• A period of serious economic slowdown characterised by devaluing of financial institutions often due to reckless and unsustainable money lending. (noun)

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• "Indeed, it was not until the financial crisis of 1980, sixty-seven years after the introduction of the powered assembly line at Highland Park, that Rover formerly British Leyland, the successor to the merged Austin and Morris companies, finally adopted standard hourly rates and explicitly set out to match the productivity of the Americans."
• "This is the smallest increase since the global financial crisis and the reduced activity has continued in to April, Ray White joint chairman Brian White says."
• "The Asian financial crisis has set the stage for a RELATE-based “buy Korean” campaign."