The phrase "annual limit" refers to the maximum amount or quantity that is allowed or available within a year's time. It sets a boundary on the extent or level of something that can be done, used, or obtained annually.
Help for seniors is expected through changes to registered retirement income fund rules and a long - promised doubling of the $ 5,500 annual limit on tax - free savings accounts. (moneysense.ca)
The new card also has a higher annual limit of gas purchases. (dannydealguru.com)
For care that goes beyond the routine stuff, most plans cap coverage at $ 1,500 a year, although higher annual limits can be arranged by paying a higher premium. (bankrate.com)