student asking question

Financial crisis words look like a big word to me, but can I use it for my personal reason?

teacher

Native speaker’s answer

Rebecca

Yes, you can use it for your own personal reason if you'd like. Financial crisis means that you are struggling financially and don't have much money. It is usually used when someone cannot pay his bills and is struggling to afford the necessities. In business, a financial crisis is when an asset to a company loses its value. For a business, a financial crisis is a very serious situation because it means that the business is losing money.

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