De kredietlimiet
Example: De kredietlimiet op mijn creditcard is onlangs verhoogd.
Definition
"De kredietlimiet" refers to the maximum amount of credit that a financial institution allows a borrower to use on a credit card or line of credit. It defines how much money the borrower can spend or borrow before needing to repay or apply for an increase.
Etymology
The term "de kredietlimiet" comes from Dutch, where "krediet" means credit, originating from the Latin word 'creditum,' meaning 'loan' or 'trust.' "Limiet" comes from the Latin 'limitem,' meaning boundary or limit. Together, they clearly describe the boundary of credit allowed.
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"De kredietlimiet" appears in the Vocaplus list "Dutch - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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the credit limit