debt limit

Also found in: Dictionary, Thesaurus, Wikipedia.

Debt limit

The maximum amount that a municipality can borrow.

Debt Ceiling

The maximum amount that a government can borrow. The term especially applies to municipalities; rising above the debt ceiling may trigger a reduction it a municipality's credit rating. Cities and other local governments that are near the debt limit may issue participation certificates--a right to the receivables for a certain project--instead of direct debt. The United States also has a national debt ceiling, but Congress simply raises it every time the national debt approaches the ceiling.

debt limit

The statutory maximum amount of debt that a municipality may have outstanding.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Mentioned in ?

References in periodicals archive ?

'The need for this significant change is especially unclear given that current debt limits under Chapter 12 are already indexed to inflation.'

ABA-Congress Increases Debt Limit for Chapter 12 Bankruptcies

The last time the debt limit was actually set by statute--January 28, 2012--the limit was $16.394 trillion.

Bye-bye debt limit: Congress is spending money at such a rapid rate that it has been forced to repeatedly revisit increasing the U.S. debt limit. Now it is simply suspending the limit, letting itself binge

Without an increase in the statutory debt limit, the U.S.

House approves 'clean' debt limit after Republicans drop demands

With a fresh extension of borrowing authority now needed again, the GOP debt limit plan is likely to employ the same approach and suspend the debt limit through early next year.

GOP weighs undoing vets pension cuts as cost of debt limit cap

House Republicans say they want concessions in exchange for raising the debt limit, though they've been unable to agree on exactly what.

Lew seeks debt limit rise

113-46) that included a suspension of the debt limit that ended on February 7, 2014.

The debt limit since 2011

Hitting the debt limit would ham-string the government's ability to finance its operations, like providing for the national defence or funding entitlements such as Medicare or Social Security.

The Global Economic Prospects - The US Economy's Cyclical Nature & Its Implications

First, as a window into how partisan motives drive members' behavior, I will examine patterns in congressional votes to raise the debt limit, an unpleasant but inescapable duty that typically arises annually.

Presidents and party teams: the politics of debt limits and executive oversight, 2001-2013

debt limit, was 17.075 trillion dollars, Voice of Russia reported.

Treasury Department: US Debt Hits 17 Trillion Dollars

With only hours to spare until the $16.7 trillion debt limit was reached, Congress passed and sent a waiting President Barack Obama legislation late Wednesday night to allow more borrowing and reopen government agencies.

Relief around world as US avoids debt default

Washington, Dhu-AlHijjah 10, 1434, Oct 15, 2013, SPA -- The latest effort by House Republicans to offer compromise to resolve an impasse over the federal budget and debt limit was rejected Tuesday by the White House before any vote in the opposition-led lower chamber of Congress.