debt limit


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

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Universalium. 2010.

Look at other dictionaries:

  • debt limit — noun the 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 …   Useful english dictionary

  • debt limit — The maximum amount that a municipality can borrow. Bloomberg Financial Dictionary …   Financial and business terms

  • debt limit — See limitation of indebtedness …   Ballentine's law dictionary

  • Statutory Debt Limit — A debt limit established under the Second Liberty Bond Act of 1917 that limits the amount of public debt that can be outstanding. The Statutory Debt Limit, or debt ceiling, prevents the U.S. Treasury from issuing new debt once the limit has been… …   Investment dictionary

  • statutory debt limit — The cap that Congress imposes on the amount of public debt that may be outstanding whether temporary or permanent. When this limit is reached, the Treasury may not sell new debt issues until Congress raises the limit. For a detailed listing of… …   Financial and business terms

  • municipal debt limit — See limitation of indebtedness …   Ballentine's law dictionary

  • Debt Ceiling — The maximum amount of monies the United States can borrow. The debt ceiling was created under the Second Liberty Bond Act of 1917, putting a ceiling on the amount of bonds the United States can issue. As of the end of July, 2011 the debt ceiling… …   Investment dictionary

  • debt outstanding subject to limitation — obligations incurred by the Treasury subject to the statutory debt limit set by Congress. Until World War 1, a specific amount of debt was authorized for each separate security issue. Beginning with the Second Liberty Loan Act of 1917, the nature …   Financial and business terms

  • debt — A common law action for the recovery of a fixed and definite sum of money or for a sum of money which can be ascertained from fixed data by computation or is capable of being readily reduced to certainty. 1 Am J2d Actions § 20; that which is… …   Ballentine's law dictionary

  • debt ceiling — noun the maximum borrowing power of a governmental entity • Syn: ↑debt limit • Hypernyms: ↑debt • Hyponyms: ↑national debt ceiling …   Useful english dictionary


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