The amount of unused credit that is available. Your credit limit is your outstanding balance subtracted from your total credit line.

The maximum amount of borrowing allowed on a credit card at any one time.

A term used for the maximum dollar amount of personal checks a patron may cash in a specified period of time.

The Credit Manager typically sets a maximum exposure and appropriate payment terms for each buyer. The credit limit ideally reflects maximum amount outstanding at any one time. If goods are tailor made, the credit limit may include any work-in-progress. When the credit limit is reached, future despatches should be withheld or, if the buyer's financials and credit references support it, a higher credit limit established

The total amount of credit you are authorized to use. If you use more you can be charged an over-limit fee or your credit privileges can be canceled.

This is the most a customer is allowed to borrow on their account.

The maximum amount that an individual can borrow.

For the client's benefit, the factor may set a high credit limit on a customer, above which the factor will not fund.

The credit limit is the maximum limit on the amount of money that you may borrow on your credit card account. The issuer decides on the limit for each customer based on the information given on the application form. The credit limit may be changed over time. Some issuers change the limits automatically by watching the way you spend and repay. Other issuers only offer to raise the credit limit when the customer asks them to.

The maximum amount of charges that may be charged to an account. For example, if you have a credit limit of $5,000, your total charges cannot exceed this amount.

The level considered prudent to which funds in a credit line should be offered. Penal interest rates are often imposed when a credit limit is exceeded and in some cases all the funds extended can be called in at short notice.

The maximum amount of outstanding balance you are allowed to reach on your credit card.

The maximum number of credits the machine will accumulate before causing either a hopper-pay, hand-pay or cash-out ticket situation.

The Credit Limit is the largest amount of outstanding balance that you are authorized, by the credit card issuer, to carry on your credit card.

Your credit limit is the maximum amount of money that can be loaned to you or the maximum amount of credit you can use in an open-ended credit account.

The total amount of purchases and cash advances combined the may accrue on an account. Most issuers will adjust a credit limit by phone. Some will adjust the limit automatically when the limit is exceeded with or without a fee.

The maximum amount of credit available on an account.

The maximum amount of money a borrower can access in a credit account.

The amount of credit issued by a lender.

a balance in an account that depletes as time and resources are used

The total amount of credit that can be extended to the customer on a particular card.

Your credit limit is the maximum amount of credit your card issuer will allow on your card. Once you have reached your credit limit, your card is normally rejected if you attempt to use it.

The maximum amount you may charge on a credit card. Under some circumstances, your card issuer may increase or decrease your credit line.

The maximum amount of funds a borrower may have on an account e.g. a credit card account.

The total dollar amount that can be advanced to a client under the terms of a loan agreement. Actual outstanding can be below this limit but should never be higher.

The highest dollar amount the credit card company will let you charge on its credit card.

The amount that a backer is allowed to lose in any one week's business by the bookmaker before settlement is required.

Your credit limit is the maximum amount of credit you may receive on your card. Under some circumstances, your card issuer may increase or decrease your credit line.

The maximum amount you may charge on a credit card. From time to time your card issuer may increase or decrease your credit limit.

The maximum amount you may charge on your credit card. The bank issuing the credit card will set your credit limit upon approval of your account.

The maximum amount an individual or business can borrow in connection with a specific loan.

The total amount of money that may be charged onto or held as a balance (or a combination thereof) on a particular credit card.

The maximum amount you are allowed to borrow from a lender under the terms of your agreement for an account. Back to Glossary Index

The most your card provider will allow you to charge on your credit card during any given period.

The maximum amount of bets a casino is permitted to bank in a given period of time.

Some payment systems require a trading limit to be placed on an account. This allows a company to operate freely within the limit without the need for constant referral. It also provides the company and the bank with a degree of protection against fraud and error. The limit is usually agreed between the company and the bank. Some product application forms will require the applicant to propose a trading limit. This should be calculated to account for the payment requirements of the business, and possibly to include processing peaks (such as irregular salary bonuses). Credit limits for such services can be adjusted by contacting the bank either for one-off ad hoc requirements, or to change the limit.

The maximum amount you can borrow on a credit card or other loan arrangement.

The maximum amount of credit an applicant is approved for and has available for use with a home equity line of credit account.

is the largest amount of outstanding balance that you are authorized, by the credit card issuer, to carry on your credit card. For example, if your credit limit is $5,000, you are allowed to use the $5,000 as a revolving line of credit by using your credit card for purchases and withdrawals; the maximum amount of money you could borrow on your credit card would be, in this case, $5,000. You can request an increase of your credit limit by contacting your credit card issuer. The issuer then may increase your credit limit after reviewing your credit history. ‘Over the limit' fee may be charged if you exceed your credit limit. See Maximum Credit Limit or Minimum Credit Limit for additional details.

Generally found when dealing with credit cards, this is the maximum amount the cardholder may charge to that account.

The maximum amount of a credit agreement. The borrower can spend up to this amount.

The maximum amount allowed to be used on a credit card.

The maximum dollar amount a credit card holder may apply to the account.

Your credit limit is set by the issuing bank and is the maximum amount of money you are authorized to spend on your account. If your balance goes over your credit limit, you may have to pay a fee. Your cash advance limit is a percentage of your total credit limit and may vary by customer.

Maximum amount borrower has access to at any one time

a figure denoting the maximum balance that you are allowed to reach on your credit card.

The maximum amount of credit you can acquire on your credit card. From time to time the credit card issuer may increase or decrease your credit limit in relation to your card usage.

How much total money can be charged to a credit card account, for example $5,000.

The maximum amount the lender will give the borrower.

This is the maximum amount you can borrow using your card. Credit Rating: A financial institution's evaluation a person's credit worthiness. Credit ratings are based on the person's history, capacity to repay, and capital.

The maximum amount that is allowed for this Customer to owe at any given time. Company can give a credit to customers. The Free Accounting application doesn't allow entering charges for the customer until he doesn't have the amount of unpaid charges less then the amount of the credit limit.

The maximum amount you are allowed to borrow under the home equity plan. The limit can depend upon your income, debts, equity in your home and the bank's program guidelines.

the maximum balance allowed for a particular customer.

The largest amount you can carry as the unpaid balance on your credit card. If you exceed this amount an Overlimit Charge may be imposed.

The maximum amount that you can borrow or carry as the balance on your line of credit (LOC). See line of credit.

The maximum amount a bank or lender will let an individual borrow under a line of credit.

The maximum amount of credit available on your credit card.

The maximum amount that you can charge on your credit card.

The maximum amount of charges you may incur on your card, which is determined by the issuer after examining your income, the amount of your current debt and your credit history.

The maximum amount of charges that can be made to the account before the credit card company cuts off service. The Consumer Federation of America suggests people carry credit lines no greater than 20 percent of their gross household income.

The maximum credit line set by the card Issuer for Customers account (open to buy).

The maximum amount available to you on a credit card account after you've paid your entire balance. Often called "high credit" on credit reports.

The maximum amount that you can borrow under a home equity plan.

The maximum amount of available credit a cardholder may access is called the credit limit.

The maximum amount of money you can charge on a particular credit account.

The maximum amount that a person may owe on a credit card, including purchases, cash advances, finance charges and fees.

The maximum balance you may charge on a credit card.

The maximum amount that an applicant may borrow from a lender.

The maximum amount that may be borrowed.

This is the amount of credit available to you. Credit card companies set your limit based on your credit history, and will usually raise your credit limit based on good financial behavior.

The maximum amount a borrower can draw upon for credit or the maximum amount an account can show as outstanding.

The total dollar amount that can be advanced to a customer to draw down by check or other means over time.

the highest amount you may charge on a credit card. Your limit is set by your card company's opinion of your ability to handle debt.

Definition: A limit we may place on your use of a service or on amounts you owe us at a point in time.

The maximum amount the store card or credit company will lend you altogether at any time.

The authorized credit amount that a lender will allow you to borrow.

How much spending a creditor will allow a consumer to do. Generally, the limit is based on the consumer's credit worthiness.

The maximum amount you may charge on your credit card. Exceeding this amount generally results in fees charged by your credit grantor. Note that cash advances deduct from your total credit limit.

The dollar amount assigned to a cardholder to which they are approved to borrow.

The maximum amount of money that a bank or other lender will lend to a particular individual or company.

The largest amount you can charge on your credit card. On your first card, the limit is usually pretty modest (example $700), so don't go crazy. If you try to exceed your limit, you may be penalized and/or assessed an overlimit fee.

The maximum amount that can be borrowed on a home equity line of credit or credit card.

the highest amount that can be borrowed.

The maximum amount you can owe on your card. (Never exceed it!)

The maximum amount of money you may charge to a particular account. For example, if your credit limit on a credit card is $10,000, you total transaction cannot exceed $10,000.

The maximum amount that can be charged to an account by a cardholder as determined by income and credit history.

A maximum pre established limit either in monetary , goods or services that a Creditor is authorized to spend on a non cash basis.

This will be the maximum amount you can borrow using your credit card. Your credit limit is determined by the Credit Card issuer.

The maximum amount of credit available on a credit account.

the maximum amount of borrowing you may incur on your credit card.

The maximum losses that are permitted on an account before the balance must be paid.

The maximum amount of money that can be charged on a particular credit account.

A maximum preset amount that a borrower can draw on at any one time.

The most that can be charged on a credit card or to a credit line.

A credit limit is the monetary limit up to which credit grantors are willing to extend credit facilities to an individual or business. Credit limits are often subject to review (i.e. they can be either increased or decreased).

The maximum amount of available credit a cardholder may access. The Consumer Federation of America suggests people carry credit lines no greater than 20 percent of their gross household income. For example, people with a gross income of $50,000 would cap credit lines at $10,000.

Your credit limit is the maximum amount you may charge on a credit card. Some card issuers set a separate limit for purchases and cash advances. Many banks will allow you to spend more than your credit limit but may charge you a fee. It is up to you to keep track of your credit limit and how much available credit you have remaining.

Maximum amount of credit available to a member on a specific account at any time.

Maximum amount a borrower can use at any one time. creditor a party to whom money is owed.

The credit line set by the card issuer for the cardmember's account.

The maximum amount that can be charged on a credit card or account.

The maximum amount of money that may be charged on a credit card account or line of credit

The maximum amount available to a person under a loan, credit card or other borrowing arrangement.

This is a dollar amount assigned to a cardholder as the limit of credit that they are approved to borrow. Credit card purchases are actually loans to the cardholder by the issuer.

Amount of account's 'expenses' to be accumulated until it is charged. If you set Credit Limit to zero, users will be able to acquire only free resources. After this amount has been reached, the user cannot purchase any more resources.

The maximum dollar amount of charges that can be transacted on a credit card.

The total amount a customer can spend on a credit card at any one time.

the maximum balance that can be carried on a credit account.

The maximum amount a borrower is allowed to borrow under the home equity plan. The limit can depend upon their income, debts, equity in their home and the bank's program guidelines.

The maximum amount that a bank will lend you for a loan or a credit card.

The maximum amount of charges a cardholder may apply to the account.

The maximum amount that can be borrowed under the home equity line of credit.

The maximum amount of credit allowed to an individual or organization.

The maximum amount the cardholder may owe to the issuer on the card account at any time.

The maximum amount of credit granted to a borrower.

Limit up to which the bank is prepared to lend money or extend credit to the customer, also known as credit line

Maximum amount of money that can be loaned to a prospective borrower.

A credit limit is the maximum amount of credit that a bank or other lender will extend to a debtor, or the maximum that a credit card company will allow a card holder to borrow on a single card. Some lenders will allow a borrower to exceed this limit, but then subject the borrower to fines or penalties.