HyperDic: national_debt_ceiling

English > 1 sense of the expression national debt ceiling:
NOUNpossessionnational debt ceilinga limit set by Congress beyond which the national debt cannot rise
English > national debt ceiling: 1 sense > noun 1, possession
MeaningA limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress.
Broaderdebt limit, debt ceilingThe maximum borrowing power of a governmental entity

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