credit limit
The maximum amount of *credit offered to a customer. The use of credit limits is a common *internal control over *accounts receivable.

Auditor's dictionary. 2014.

Look at other dictionaries:

  • credit limit — noun The maximum amount of credit extended to an individual or business • • • Main Entry: ↑credit * * * credit limit UK US noun [countable] [singular credit limit plural …   Useful english dictionary

  • credit limit — credit ,limit noun count the maximum amount of money that a customer can borrow using a particular credit card account …   Usage of the words and phrases in modern English

  • Credit limit — A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit (sometimes called a credit line, line of credit, or a tradeline). For example, it is the most that …   Wikipedia

  • credit limit — the upper limit of credit that a business will allow a customer to have. Glossary of Business Terms * * * credit limit credit limit ➔ limit1 * * * credit limit UK US noun [C] ► BANKING, FINANCE the maximum amount of money that a bank will allow… …   Financial and business terms

  • Credit Limit — The amount of credit that a financial institution extends to a client. Credit limit also refers to the maximum amount a credit card company will allow someone to borrow on a single card. Credit limits are usually determined based on information… …   Investment dictionary

  • credit limit — UK / US noun [countable] Word forms credit limit : singular credit limit plural credit limits the maximum amount of money that a customer can borrow using a particular credit card account …   English dictionary

  • credit limit — / kredɪt ˌlɪmɪt/ noun the largest amount of money which a customer can borrow ♦ he has exceeded his credit limit he has borrowed more money than he is allowed to …   Dictionary of banking and finance

  • credit limit — ➡ credit cards * * * …   Universalium

  • Credit limit —   The maximum that a customer can borrow. Limits can be established so that they relate to only one credit facility, or if the customer has several credit facility lines, then you can construct a hierarchy of limits for the customer. Limits can… …   International financial encyclopaedia

  • credit limit — high amount of money a person may receive on credit; total amount of credit that can be allotted …   English contemporary dictionary

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