NATIONAL DEBT CEILING

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("national debt ceiling" is a kind of...):

debt ceiling; debt limit (the maximum borrowing power of a governmental entity)

Credits