- debt limit
- nounthe maximum borrowing power of a governmental entity• Syn: ↑debt ceiling• Hypernyms: ↑debt• Hyponyms: ↑national debt ceiling
* * *(in public finance) the legal maximum debt permitted a municipal, state, or national government.
* * *debt limit,the limit, as established by law or constitution, beyond which a government may not incur indebtedness: »
I have no alternative but to ask Congress to again increase the debt limit (New York Times).
Useful english dictionary. 2012.