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Definition of 'Statutory Debt Limit'
A debt limit established under the Second Liberty Bond Act of 1917 that limits the amount of public debt that can be outstanding. The Statutory Debt Limit, or debt ceiling, prevents the U.S. Treasury from issuing new debt once the limit has been reached. However, the debt limit can be raised, and has often been raised, with approval from the U.S. Congress.
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Investopedia explains 'Statutory Debt Limit'
Often, Congress will approve increases to the statutory debt limit in order to avoid defaulting on its debt and to avoid suspension of government operations. During the financial crisis in 2009, the U.S. Congress raised the debt ceiling to $12.4 trillion, an increase of $290 billion.
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Search results for 'Statutory Debt Limit'
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http://financialedge.investopedia.com/financial-edge/0611/A-New-World-For-Bond-Investors.aspx
... Some of this is due to mostly technical matters (like the statutory debt limit)
and not an inability to refinance debt - the United States still enjoys very ...
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http://financialedge.investopedia.com/financial-edge/0811/Are-U.S.-Bonds-Really-Risk-Free.aspx
... of the furor over the US debt limit and the ... US cannot indefinitely support sizable
deficits, high debt, and low ... The statutory value of that investment hasn't ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/fha-home-loans.asp
... The statutory limit for the geographic area in which the home is located. ...
Debt-To-Income Ratios The FHA does not set a maximum limit for the debt-to-income ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/homebuyer-financing-option.asp
... low as 3%. FHA loans cannot exceed the statutory limit. ... Lenders generally limit the
maximum VA loan ($417,000 ... value ratio (LTV) and the debt-service coverage ...
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http://www.investopedia.com/articles/pf/08/family-limited-partnership.asp
... partnership and take specific partnership assets to satisfy a partner's debt or
judgment. ... paid in full or until the expiration of a statutory time limit. ...
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http://www.investopedia.com/articles/financial-theory/10/the-us-federal-trade-commission.asp
... Both laws prohibited business practices that would limit or eliminate competition ...
Benefits of Federal Trade Commission Oversight and Statutory Powers Acquiring ...
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http://www.investopedia.com/exam-guide/cfa-level-1/ethics-standards/standard-nonpublic-information.asp
... 9.11 Accounting For Long-Term Liabilities; 9.12 Post-Retirement Obligations;
9.13 Effects Of Debt Issuance; 9.14 Implications Of Debt ...
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