ceiling
Definitions (3)
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.
Use ceiling in a sentence
“ The ceiling for the loan was reached but the kind customer still insisted on taking out the largest loan possible. ”
“ I can bet that the supervisor hit the ceiling when he found out that his employees were stealing from their job and giving things away. ”
“ I spent the weekend painting the walls of our living room while my sister installed some brand new lighting in the ceiling of the dining room. ”
