Debt Ceiling
/ˈdɛt ˈsiːlɪŋ/
Definitions
- (n.) A legislatively imposed limit on the amount of national debt that a government may incur.
Congress must raise the debt ceiling to allow the government to meet its financial obligations.
Forms
- debt ceiling
- debt ceilings
Related terms
See also
Commentary
The debt ceiling is a statutory constraint distinct from budgetary appropriations, often requiring separate legislative action to adjust.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.