What is another word for credit limit?
Pronunciation:
[ kɹˈɛdɪt lˈɪmɪt], [ kɹˈɛdɪt lˈɪmɪt], [ k_ɹ_ˈɛ_d_ɪ_t l_ˈɪ_m_ɪ_t]
Table of Contents
Synonyms for Credit limit:
n.
• credit line (noun) • Other relevant words: (noun)Other synonyms:
-
•
- bank,
- BIPS,
- banking,
- bank statement,
- bank rate,
- Bank book,
- borrower,
- apr,
- balance,
- bank draft.
- count,
- balance wheel,
- money box,
- acknowledgment,
- ante up,
- counterpoise,
- earnings,
- mention,
- swear,
- course credit,
- banker's draft,
- symmetry,
- bear,
- indebtedness,
- make up,
- symmetricalness,
- bank building,
- unsecured bond,
- april,
- reckon,
- check mark,
- terminal figure,
- residue,
- do in,
- devote,
- condition,
- camber,
- reference,
- tick off,
- bouncing,
- bound,
- equipoise,
- depend,
- ricochet,
- equalizer,
- proportionality,
- take a hop,
- mark,
- mark off,
- reverberate,
- ticktock,
- bet,
- ticking,
- train,
- banking concern,
- adopt,
- click,
- give,
- retick,
- cite,
- quotation,
- debenture bond,
- purchase,
- personal credit line,
- residual,
- equilibrize,
- slating,
- coin bank,
- geartrain,
- equilibrate,
- correspondence,
- by-line,
- proportion,
- cant,
- calculate,
- knock off,
- libra,
- spring,
- rest,
- leveraging,
- counterbalance,
- rebound,
- credit entry,
- financial obligation,
- terminus,
- ticket,
- bounciness,
- wage,
- ticktack,
- counterweight,
- rely,
- remainder,
- depository financial institution,
- gear,
- neutralize,
- jounce,
- full term,
- strings,
- deferred payment,
- saltation,
- equilibrise,
- poise,
- check off,
- deposit,
- compensate,
- recognition,
- yield,
- take up,
- banking company,
- salary,
- pay up,
- credit rating,
- resile,
- beat,
- residuum,
- equaliser,
- check,
- power train,
- leaping,
- waste,
- recoil,
- line,
- leap,
- citation,
- remuneration,
- savings bank,
- look,
- neutralise,
- accredit,
- pay off,
- equilibrium,
- take over.
How to use "Credit limit" in context?
A credit limit is a limit on the total amount that a person or institution can borrow. When a person requests credit, the credit-rating agency considers both the credit score and the credit limit of the applicant.
A credit limit can be expressed in a variety of ways, including as a dollar amount, as a percentage of the person's total credit limit, or as a number of loans. For example, Federal law regulates the maximum credit limit on consumer loans, which is currently $368,000.
Credit limits are important because they help to prevent people from overextending their credit and becoming indebted.
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