NOUN - a period when a country’s economy is in a bad state and banks are not willing to lend much money. KRYZYS KREDYTOWY
credit rating
NOUN - financial information about someone that a bank or shop uses for deciding whether to lend them money or to give them credit OCENA ZDOLNOŚCI KREDYTOWEJ
go bust
VERB - to spend or lose all of one's money : to go broke (The company has gone bust.) ZBANKRUTOWAĆ
mortgage
NOUN - a legal agreement in which you borrow money from a bank in order to buy a house. You pay back your mortgage by making monthly payments. (Do you have a mortgage on your house?) HIPOTEKA
negative equity
NOUN - a situation in which your house has lost value and is now worth less money than the amount that you have borrowed as a mortgage. UJEMNY KAPITAŁ WŁASNY
interest rate
NOUN - the percentage that an institution such as a bank charges or pays you in interest when you borrow money from it or keep money in an account. (Consumers have been discouraged by high interest rates.) STOPA PROCENTOWA
inflation
NOUN - an economic process in which prices increase so that money becomes less valuable. (Your pension is protected against inflation.) INFLACJA
downturn
NOUN - a reduction in economic or business activity
(a severe economic downturn) POGORSZENIE KONIUNKTURY
recession
NOUN - a period when trade and industry are not successful and there is a lot of unemployment.
(the recession in the building industry) RECESJA