Definition Of Debt Ceiling
When the ceiling is reached the us.
Definition of debt ceiling. National debt ceilings have been established in some countries in the belief that excessive public debt which requires. The amount of debt that can be carried at any given time or the maximum borrowing power of a government. Debt ceiling the maximum borrowing power of a governmental entity debt limit debt money or goods or services owed by one person to another. This measure was created under the second liberty bond act of 1917 in order to limit spending by the us government and hold the president more accountable for financial decisions but since then the ceiling has been raised.
By law the nation can not exceed its debt ceiling. Debt ceiling statutory or constitutionally mandated upper limit on the total outstanding public debt of a country state or municipality usually expressed as an absolute sum. In order to spend past this ceiling congress must agree to raise it. A debt ceiling is the maximum amount of debt that a government can take on.
Debt ceilings synonyms debt ceilings pronunciation debt ceilings translation english dictionary definition of debt ceilings. Rising above the debt ceiling may trigger a reduction it a municipalitys credit ratingcities and other local governments that are near the debt limit may issue participation certificates a right to the receivables for a certain project instead of direct debt. Debt ceiling the maximum borrowing power of a governmental entity debt limit debt money or goods or services owed by one person to another. The debt ceiling is a limit that congress imposes on how much debt the federal government can carry at any given time.
The debt ceiling is a limit that congress imposes on the amount of debt the the federal government can carry at any time. The maximum amount that a government can borrowthe term especially applies to municipalities.
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