Credit Limit
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- q/ k I0 q( ^* f: o/ {, ~The amount of credit that a financial institution extends to6 E, X/ }" M- T' A
a client. Credit limit also refers to the maximum amount a
9 L. J6 ~ c+ p5 ]) d0 [$ u) ]credit card company will allow someone to borrow on a single
0 o, e1 S' @# {/ kcard. Credit limits are usually determined based on information
! e8 y; _$ d4 o# X7 x; _, [contained in the application of the person seeking credit, or( U/ W8 D$ j5 }9 ^+ t
that person's credit rating. |
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