Is There a Credit Crunch?

The credit crunch describes the problem that a is in the financial system. Credit means money that people lend to each other. If there is no credit available, you can say there's a credit crunch. The crunch means that it's a pressure time, a time of pressure because there's nothing available right? Er, so that's the credit crunch. Chilled or chilled out means its relaxing. There's a really relaxed vibe. It's quite an informal expression. A vibe means an atmosphere, an atmosphere, a vibe. So in ingoe, for example, there's a really vibe, the atmosphere is very relaxing. It's very chilled out.