- An upper limit for a variable. For example, an adjustable- rate mortgage may have a ceiling of 10 percent. In this case, the rate can be adjusted however the loan terms provide without exceeding 10 percent.Also called a cap. American Banker Glossary————The highest price, interest rate, or other numerical factor allowable in a financial transaction. Bloomberg Financial Dictionary
* * *ceiling cei‧ling [ˈsiːlɪŋ] noun [countable]the largest level, amount, or number of something that is officially allowed:
• Oil price ceilings remained in place for a decade.
• the strict spending ceilings imposed by last year's budget
• Wage ceilings needed to be introduced and the state pension scheme overhauled.ceiling on
• The new government set a ceiling on prices for basic foodstuffs.— see also glass ceiling
* * *ceiling UK US /ˈsiːlɪŋ/ noun [C]► the highest level, number, or amount something is allowed to reach: »
Before the bidding started he had set himself a ceiling price beyond which he would not go.a debt/spending/production ceiling »
They agreed on a spending ceiling over the next five years of between 1.2% to 1.3%.the ceiling on sth »
The good news is that the ceiling on teachers' earnings has been removed.the ceiling for sth »
We will keep within the ceiling for public spending and do better if we can.place/put a ceiling on sth »
Ceilings are placed on interest rates by the government to provide firms with cheap capital.set/impose a ceiling »
The staff ceiling was originally set at 35 but has slowly risen to 50.reach/exceed a ceiling »
The $7.4 trillion national debt ceiling is likely to be reached in the next few days.lower/raise a ceiling »
The budget restrictions, signed into law in July, lowered the ceiling on how much districts' budgets can grow annually.→ See also GLASS CEILING(Cf. ↑glass ceiling)
Financial and business terms. 2012.