Limit
Limit is a documentary credit limit is the maximum amount for which an importer may have balances outstanding under documentary credits at any one time.
Webster Dictionary Meaning
1. Limit
- To beg, or to exercise functions, within a certain
limited region; as, a limiting friar.2. Limit
- That which terminates, circumscribes, restrains, or
confines; the bound, border, or edge; the utmost extent; as, the limit
of a walk, of a town, of a country; the limits of human knowledge or
endeavor.- The space or thing defined by limits.
- That which terminates a period of time; hence, the period itself; the full time or extent.
- A restriction; a check; a curb; a hindrance.
- A determining feature; a distinguishing characteristic; a differentia.
- A determinate quantity, to which a variable one continually approaches, and may differ from it by less than any given difference, but to which, under the law of variation, the variable can never become exactly equivalent.
- To apply a limit to, or set a limit for; to terminate, circumscribe, or restrict, by a limit or limits; as, to limit the acreage of a crop; to limit the issue of paper money; to limit one's ambitions or aspirations; to limit the meaning of a word.
Category: Banking & Finance
Previous: ← Revocable Documentary Credit
More from this Section
- Bear
Bear is an investor who believes a stock or the overall market will decline. A bear market ... - Floating rate notes (FRNs)
Floating rate notes (FRNs) means provision of some Eurobonds in which the coupon rate ... - Auto-Regressive (AR)
Auto-Regressive (AR) is a stationary stochastic process where the current value of the ... - Endowment insurance
Endowment insurance is a type of life insurance that pays the face amount of insurance ... - Investment banks
Investment banks means firms that assist in the initial sale of securities in the primary ...