Financial Crisis
/ˈfaɪnænʃəl ˈkraɪsɪs/
Definitions
- (n.) A severe disruption in financial markets characterized by sharp declines in asset prices, bank failures, and widespread liquidity shortages affecting the economy and legal frameworks.
The 2008 financial crisis led to extensive regulatory reforms in banking law.
Forms
- financial crisis
- financial crises
Related terms
See also
Commentary
Legal documents often address financial crises in the context of regulatory compliance, liability exposure, and restructuring proceedings.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.