Bosendorfer Model 225 Grand Piano 7 ft. 4 in. Polished Ebony finish, comes with artist bench. You may see and play this piano at ourKeyboard Concepts -Sherman Oaks location. For the past 27 years, Key...
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). 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).
DEFINITION of '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 contained in the application of the person seeking credit, or that person's credit rating.Next Up.owever, having a high credit limit and multiple lines of credit may hurt a person's overall credit rating. In these cases, new potential lenders can see that the applicant has access to a large amount of debt, which may lower the chances that this person will be able to repay his or her debts in the future.