Business terms and jargon explained. Your business dictionary

What is Credit limit

A credit limit is given when credit is offered and is the maximum amount you can purchase on the credit account. This can be for a credit card or a trading account. Credit limits are determined by past credit history and credit agency scores.
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Term created / updated 2014-03-18 19:42:43

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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