limit

  

Definitions (2)

1. General: Prescribed bounds of an authority, power, privilege, or right.
2. Banking: (1) Extent to which a bank will advance credit to a customer. Also called a guidance line of credit, its computation may differ from bank to bank, and is rarely (if ever) disclosed to customers. (2) Restriction imposed on a bank or other lending institution by the country's central bank for loans to a single borrower, expressed as a percentage of the capital of the institution.

Use limit in a sentence

Related Videos




http://www.businessdictionary.com/definition/limit.html

Have a question about limit? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z