credit limit

credit limit definition - finance
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 corporationÂ’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.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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