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Debt Ceiling (Noun)

Meaning

The maximum borrowing power of a governmental entity.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The government must raise the debt ceiling soon to avoid defaulting on its existing loans and obligations.
  • Failure to increase the debt ceiling would lead to severe financial consequences, such as delayed social security payments.
  • Raising the debt ceiling allows the government to continue its current spending without cutting any programs or services.
  • The United States Congress votes periodically to approve an increase in the national debt ceiling.
  • The national debt ceiling has been raised multiple times in recent years due to continued government spending and budget deficits.

Synonyms

  • Debt Limit

Hypernyms

  • Debt

Hyponyms

  • National Debt Ceiling
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