What is another word for borrowing limit?
Pronunciation: [bˈɒɹə͡ʊɪŋ lˈɪmɪt] (IPA) 
The term "borrowing limit" can be used interchangeably with several synonyms. Some of these synonyms include credit limit, loan limit, debt ceiling, and borrowing cap. All these phrases essentially refer to the maximum amount of money that a borrower can receive from a lender under a specific agreement. Different lending institutions apply varying borrowing limits depending on factors such as the borrower's creditworthiness, income, and the purpose of the loan. It is important to note that exceeding your borrowing limit can result in penalties and adverse effects on your credit score. Therefore, it's essential to know your borrowing limit and use credit responsibly.
