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debt limit

noun
1.
(in public finance) the legal maximum debt permitted a municipal, state, or national government.
Also called debt ceiling.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for debt limit
  • The fund's economists argue that a universal debt limit does not make sense.
  • The ads call him a big pork-barrel spender who raised the debt limit and wanted to let felons vote.
  • As widely reported in the news, our government has reached its debt limit.
  • debt limit policies vary widely from state to state.

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