- (finance, banking) The maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.
credit limit - Investment & Finance Definition
A limit on the total amount of credit that will be extended. A credit limit might apply to a consumer credit card or to an individual or corporation’s line of credit. If credit limits are exceeded, the account can be suspended and the borrower may be required to immediately pay the debt down.