credit limit

credit limit definition - business

credit limit

  1. The maximum outstanding balance permitted on a revolving line of credit.
  2. The maximum credit a lender will extend to a potential borrower.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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