Meaning of the word "credit limit" in English
What does "credit limit" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
credit limit
US /ˈkred.ɪt ˌlɪm.ɪt/
UK /ˈkred.ɪt ˌlɪm.ɪt/
Noun
the maximum amount of money that a bank or credit card issuer allows a customer to borrow or spend on a single account
Example:
•
I cannot buy this laptop because it exceeds my credit limit.
•
The bank agreed to increase her credit limit after she got a promotion.
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