Definition of debt ceiling in English:

debt ceiling

Line breaks: debt ceil|ing

noun

  • An upper limit set on the amount of money that a government may borrow: on Friday, Congress raised the debt ceiling by $800 million
    More example sentences
    • So let's take the next crisis that people are talking about - the debt ceiling.
    • By increasing the risk of default, they contend, any debt ceiling automatically violates the public debt clause.
    • Once the debt ceiling is breached, a legal cloud would hang over any newly issued bonds, because of the risk that the government might refuse to honor those debts as legitimate.

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Pronunciation: kəːf
noun
a slit made by cutting with a saw