📖What it means

The outer backstop over everything the estate spends. It is deliberately NOT the control: the real control is one spending limit per service track. The ceiling exists to catch a catastrophe, not to shape day-to-day behaviour.

📖Easily confused with

[{"term": "Budget cap", "distinction": "A cap governs one track and is the actual control; the ceiling is a last-resort backstop over the sum of everything."}]

📖Also called

- overall cap
- outer limit
- backstop

📖Filed under

Category: money.

Service: Cost Center.