Die Kreditlimite
Example: Die Kreditlimite wurde wegen der hohen Ausgaben erhöht.
Definition
"Die Kreditlimite" refers to the maximum amount of credit that a lender allows a borrower to use. It sets a financial boundary on spending or borrowing, ensuring that the borrower does not exceed a specified credit threshold, as in the phrase: 'Die Kreditlimite wurde wegen der hohen Ausgaben erhöht.'
Etymology
The word "Kreditlimite" comes from German, combining "Kredit," borrowed from the Latin 'creditum,' meaning 'loan' or 'trust,' and "Limite," derived from the Latin 'limes,' meaning 'boundary' or 'limit.' Together, "Kreditlimite" literally means 'credit limit,' reflecting the financial boundary on borrowing.
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"Die Kreditlimite" appears in the Vocaplus list "German - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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