Ceiling

Business, Legal & Accounting Glossary

Definition: Ceiling


Ceiling


Full Definition of Ceiling


1. The maximum interest rate permitted by state law for a given loan. A ceiling is a common feature of floating rate notes. 2. An upper limit on the exchange rate of a country’s currency imposed by some regulatory authorities (the government or regulators will step in and ensure that the exchange rate does not exceed the ceiling). 3. More generally, any limit or maximum.


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Ceiling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/ceiling/.
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Ceiling. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/ceiling/ (accessed: March 28, 2024).
American Psychological Association (APA):
Ceiling. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/ceiling/

Definition Sources


Definitions for Ceiling are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.