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debt limit

American  

noun

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


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

I have approximately $40,000 in credit card debt, live in a high-cost area, and am barely scraping by paycheck to paycheck.

From Slate • Jul. 11, 2021

We wanted to stay out of debt, live within our means, give regularly to our church and other causes we loved and never let financial stress come between us.

From Time • Oct. 6, 2016

The Total Money Makeover helped me to look at my personal finances with more seriousness and gave me a passion to pay off debt, live more frugally, and save more money.

From Time • Jun. 26, 2015

As an honest man, he may raise a family, always be in debt, live a life of poverty and hardship and see nothing ahead but drudgery and defeat.

From Crime: Its Cause and Treatment by Darrow, Clarence

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