borrowing limit
Maximum allowed debt
A borrowing limit is the maximum amount a person, organization, or government is permitted to borrow.
Credit cards have borrowing limits set by the issuer.
Governments may face statutory borrowing limits—the U.S. debt ceiling is a borrowing limit Congress must periodically raise.
She maxed out her borrowing limit on the new car.
- credit cardBorrowed-funds payment tool
- debt ceilingMaximum government can owe
- fiscal cliffScheduled austerity convergence point
- overdraftSpending past zero
- maxed outReached upper limit
credit line · line of credit · spending cap · cap · threshold · loan · debt trap · spending · plastic · interest · APR · minimum payment · balance · statement · bank · finances · credit score · constraint
- budget limitsbudget cap, budget cut, budget cuts, spending cap, spending caps
- fiscal crisesdebt crisis, budget crisis, fiscal crisis, fiscal emergency, budget deficit
- library circulationcirculation desk, checkout, checkout desk, returns, due date
- economic controlstariff, quota, sanction, embargo, trade restriction
- capsceiling, budget cap, hard cap, soft cap, price cap