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debt limit

noun

  1. (in public finance) the legal maximum debt permitted a municipal, state, or national government.


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Example Sentences

The last time the debt limit was raised, this past February, Boehner agreed in the end to do it with no strings attached.

For now, the debt limit is off the table as a “negotiating” tool.

Caving on the debt limit in 2011 was the political low point of his presidency.

The House Speaker needs to raise the debt limit, but still thinks that he can get some kind of concession from Democrats.

The Senate is expected to approve the clean debt limit increase on Wednesday morning.

The debt limit is usually a certain percentage of the assessed valuation of the taxable property within the city.

Unless budgeted deficits are checked, the momentum of past programs will force an increase of the statutory debt limit.

Its debt limit is 2% on the assessed valuation, and even that low maximum is not often reached.

We could have a state constitution, too, which would extend the debt limit so that we could issue a whole lot more bonds.

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