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Maxed out

Posted by Bob on June 17, 2004

In Reply to: Maxed out posted by celeste on June 17, 2004

: This phrase in the sentence: I have a $1000 limit on my credit card, and I've already spent $950, so I am almost maxed out.
: What's the exact definition here?
: Thanks

Maxed out = have spent almost to my maximum permitted, and cannot spend more.