1. A maximum amount or boundary that has been mutually accepted and established by two or more parties through negotiation or contract
The agreed limit for the project budget is $500,000.
O limite acordado para o orçamento do projeto é de $500.000.
2. In financial contexts, the maximum credit or spending amount that a lender or institution allows a borrower
Your credit card agreed limit is $10,000 per month.
O seu limite acordado de cartão de crédito é de $10.000 por mês.