Credit Limit
Noun
US
/ˈkredɪt ˈlɪmɪt/
UK
/ˈkredɪt ˈlɪmɪt/
US
/ˈkredɪt ˈlɪmɪt/
UK
/ˈkredɪt ˈlɪmɪt/
The maximum amount of credit a lender will extend to a borrower.
Credit Limit plays a key role in banking operations and personal borrowing decisions.
Closely related to Credit Card, Credit Score.
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Credit Limit - key concept in Banking & Interest.
Credit cards; Overdraft; Line of credit
Applied in Banking & Interest contexts: Credit cards; Overdraft