- national debt ceiling
- nouna limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress• Hypernyms: ↑debt limit, ↑debt ceiling
Useful english dictionary. 2012.
Useful english dictionary. 2012.
debt ceiling — noun the maximum borrowing power of a governmental entity • Syn: ↑debt limit • Hypernyms: ↑debt • Hyponyms: ↑national debt ceiling … Useful english dictionary
national debt — In order to join the European Monetary Union on 1 January 1999 Spain must first fulfil the convergence criterion for public debt, which states that the budget deficit must not exceed 3 percent of GDP and total public sector debt 60 percent of… … Encyclopedia of contemporary Spanish culture
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ceiling — An upper limit for a variable. For example, an adjustable rate mortgage may have a ceiling of 10 percent. In this case, the rate can be adjusted however the loan terms provide without exceeding 10 percent. Also called a cap. American Banker… … Financial and business terms
debt limit — noun the maximum borrowing power of a governmental entity • Syn: ↑debt ceiling • Hypernyms: ↑debt • Hyponyms: ↑national debt ceiling * * * (in public finance) the legal maximum debt permitted a municipal, state, or national government. * * * debt … Useful english dictionary
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