national debt ceiling

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Definitions from WordNet

Noun national debt ceiling has 1 sense

national debt ceiling - a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress
--₁ is a kind of debt limit, debt ceiling

Definitions from the Web

National Debt Ceiling

Noun: The national debt ceiling refers to the maximum amount of debt that a country's government can legally borrow to fund its operations and fulfill its obligations.

Sample Sentence: The United States Congress has been involved in heated debates over raising the national debt ceiling in order to avoid defaulting on the country's financial obligations.

Related Products on Amazon: Books on National Debt, History of Debt Ceiling

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