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What (who) is debt limit - definition
Debt limit
LEGISLATIVE MECHANISM RESTRICTING THE TOTAL AMOUNT THAT A COUNTRY CAN BORROW
Debt ceiling; Debt Limit; Deficit ceiling
A debt limit or debt ceiling is a legislative mechanism restricting the total amount that a country can borrow or how much debt it can be permitted to take on. Several countries have debt limitation restrictions.
Debt relief
![The sick men's ward at [[Marshalsea]] [[debtors' prison]]](https://commons.wikimedia.org/wiki/Special:FilePath/Sick men's ward in the Marshalsea prison.JPG?width=200 "The sick men's ward at [[Marshalsea]] [[debtors' prison]]")
THE PARTIAL OR TOTAL "LIFTING-BACK" OR FORGIVENESS OF DEBT
Debt forgiveness; Debt Relief; Financial health management; Debt cancellation; Financial Health Management; Forgiven debt; Arguments against international debt relief; Loan forgiveness; Debt abolition
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations.
government securities
![NYC]], April 20, 2012](https://commons.wikimedia.org/wiki/Special:FilePath/Usa national debt 20 April 2012.JPG?width=200 "NYC]], April 20, 2012")
TOTAL AMOUNT OF DEBT OWED TO LENDERS BY A GOVERNMENT/STATE
Public debt; National debt; National Debt; Refinancing the public debt; Public credit; Sovereign debt; Public bonds; Public bond; Government borrowing; Government securities; Federal debt; Public Debt; State debt; Net public debt; Gross public debt; Public sector debt; Public sector net debt; National debts; Sovereign downgrade; Public borrowing; Govt debt
¦ plural noun another term for government paper.
Examples of use of debt limit
1. Treasury‘s Quarles confident of debt limit hike WASHINGTON (Reuters) – U.S.
2. Snow notified congressional leaders that the government would reach the statutory debt limit of $8.2 trillion by mid–February, the fourth time in five years the debt limit will have been reached.
3. Paulson said the government is likely to bump into the statutory debt limit in early October.
4. The need to raise the debt limit at about the same time complicates their efforts.
5. When they took back the House in 1''4, the debt limit was $4.' trillion.