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Definitions from WordNet

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Debt Limit

Part of Speech: Noun

Sense:

1. The maximum amount of money a government can borrow to finance its operations.

Usage:

- The debt limit is a critical factor in determining a government's financial stability and ability to function effectively.

- Many countries have legislated a debt limit to control government spending and prevent excessive borrowing.

Example sentences:

1. The United States Congress must regularly debate and raise the debt limit to avoid defaulting on its financial obligations.

2. The government announced that it had reached the debt limit and would need to implement austerity measures to manage its finances.

3. Failure to raise the debt limit could lead to a significant financial crisis and impact the country's credit rating.

Possible related products on Amazon:

• Debt Limit Books
• Debt Limit Economics
• Debt Limit and Government