debt limit Synonyms
No Synonyms and anytonyms found
debt limit Meaning
Wordnet
debt limit (n)
the maximum borrowing power of a governmental entity
debt limit Sentence Examples
- The debt limit is the maximum amount of debt that a government or organization is authorized to borrow.
- Congress often debates raising the debt limit to ensure that the government can meet its financial obligations.
- Exceeding the debt limit can lead to financial turmoil and affect a country's credit rating.
- Setting a debt limit is crucial for maintaining fiscal discipline and ensuring responsible borrowing practices.
- Many countries have statutory debt limits to control government spending and borrowing.
- Failure to raise the debt limit can result in a government shutdown or default on its debt obligations.
- Governments often employ various strategies to manage their debt within the prescribed limit.
- The debt limit serves as a check on government spending and encourages policymakers to prioritize expenditures.
- Adjusting the debt limit requires legislative approval and often involves political negotiations.
- Monitoring the debt limit is essential for maintaining economic stability and investor confidence in a country's financial system.
FAQs About the word debt limit
the maximum borrowing power of a governmental entity
No synonyms found.
No antonyms found.
The debt limit is the maximum amount of debt that a government or organization is authorized to borrow.
Congress often debates raising the debt limit to ensure that the government can meet its financial obligations.
Exceeding the debt limit can lead to financial turmoil and affect a country's credit rating.
Setting a debt limit is crucial for maintaining fiscal discipline and ensuring responsible borrowing practices.
