/ Dictionary / Index D debt limit: Meaning and Definition of Find definitions for: debt' lim"it Pronunciation: [key] (in public finance) the legal maximum debt permitted a municipal, state, or national government. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. debt issue debt of honor Related Content Daily Word Quiz: portent Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language