What is referred to as the maximum dollar amount that can be borrowed?

The term that specifically refers to the maximum dollar amount that can be borrowed is known as the credit limit. A credit limit is established by lending institutions and defines the utmost amount of credit that can be extended to a borrower on a credit account, such as a credit card. This limit influences the borrower's ability to make purchases or take out cash against their available credit, effectively setting a boundary on the extent of borrowing allowable.

The other terms, while related to borrowing or lending in different contexts, do not precisely convey the same meaning. For instance, "loan limit" typically refers to the maximum amount a borrower can obtain under a specific loan agreement rather than an overarching borrowing capacity across various accounts. "Debt ceiling" generally denotes a government-imposed limit on the amount of national debt that can be incurred, while "borrowing cap" is less commonly used and may not have a standardized definition across financial contexts.