Definition of debt ceiling in English:
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.
Definition of debt ceiling in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.