debt limit

/dɛt ˌlɪmɪt/
IPA guide

Definitions of debt limit
  1. noun
    the maximum borrowing power of a governmental entity
    synonyms: debt ceiling
    see moresee less
    types:
    national debt ceiling
    a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress
    type of:
    debt
    money or goods or services owed by one person to another
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