floor limit Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “floor limit” in the English Dictionary

"floor limit" in Business English

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floor limitnoun [C]

uk   us   COMMERCE
the largest amount of money you can spend using a credit card or bank card without a store needing permission from your bank or credit card company: Payment is guaranteed for all sales above a mutually agreed floor limit, providing authorisation is gained.
(Definition of floor limit from the Cambridge Business English Dictionary © Cambridge University Press)
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