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Definition of Credit limit
1. Noun. (finance banking) The maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit. ¹
¹ Source: wiktionary.com
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1. Noun. (finance banking) The maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit. ¹
¹ Source: wiktionary.com