- (in public finance) the legal maximum debt permitted a municipal, state, or national government.
Also called debt ceiling.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for debt limit
We are going to decide what it is we can accomplish out of this debt-limit fight.Paul Ryan Panders With a Threat to Take the Debt Ceiling Hostage, Again
December 16, 2013
And the future should be defined as “the day after the debt-limit increase goes into effect.”
But today, all Obama can talk about are “clean” CRs and “clean” debt-limit increases.
I can note that Lee and Jim DeMint did filibuster the 2011 debt-limit increase, the first-ever filibuster of a debt-limit vote.Help Us Harry Reid, You’re Our Only Hope
October 9, 2013
What mattered was that a shutdown is comparatively easy for the public to grasp, while the debt-limit topic is confusing.Here Are Three Debt-Ceiling Lies You’ll Hear From the GOP This Week
October 7, 2013