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English definition of “credit limit”

credit limit

noun [C]
 
 
BANKING, FINANCE the maximum amount of money that a bank will allow someone to borrow, especially on a credit card: exceed/go over a credit limit A fee is charged when you exceed your credit limit. One lender gave her a €9,000 credit limit. increase/reduce sb's credit limit
(Definition of credit limit from the Cambridge Business English Dictionary © Cambridge University Press)
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