Usually means: Limit on government's total borrowing.
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We found 6 dictionaries that define the word national debt ceiling:

General (6 matching dictionaries)
  1. national debt ceiling: Vocabulary.com
  2. national debt ceiling: Dictionary.com
  3. national debt ceiling: Rhymezone
  4. national debt ceiling: FreeDictionary.org
  5. national debt ceiling: Mnemonic Dictionary
  6. national debt ceiling: TheFreeDictionary.com

Definitions from WordNet (national debt ceiling)

noun:  a limit set by Congress beyond which the national debt cannot rise; periodically raised by Congress


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