Meaning & use
floor limit
Last updated
Meaning
nouncountablebusinessfinance
The highest amount a store or bank allows a card payment to be made without asking for special permission.
Grammar: Countable: a floor limit, floor limits.
Patterns
- set a floor limit
- exceed the floor limit
- a floor limit of $X
The shop assistant could not process the purchase because it was over the floor limit.
Our bank has set a floor limit of $200 for contactless payments.
If the bill exceeds the floor limit, the cashier must call the card company for approval.
Word forms
| plural | floor limits |
|---|
Common combinations
- set a floor limit
- The manager set a floor limit of $100 for each transaction.
- exceed the floor limit
- Any amount that exceeds the floor limit requires a phone call.
- a floor limit of $X
- They agreed on a floor limit of $500 for online orders.
Synonyms and how they differ
Word family
Commonly confused: floor limit or ceiling limit?
floor limit vs ceiling limit
A ceiling limit is an absolute maximum that cannot be exceeded, while a floor limit is a threshold that triggers extra checks, not a ban.
Practice
The cashier had to call the bank because the payment was ______ the floor limit.
Choose one answer.
The correct answer is 'over' because the payment went beyond the allowed amount. 'Under' and 'below' would mean the payment was less than the limit, so no call would be needed. 'Within' means inside the limit, which also does not fit.
Make it your own
Write a sentence using “floor limit”, then check it and compare it with the examples above.