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. Full definition
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)