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Discover LudwigThe phrase "statutory limit" is correct and usable in written English.
It is typically used in legal contexts to refer to a maximum amount or restriction set by law.
Example: "The statutory limit for damages in this case is capped at $50,000."
Alternatives: "legal limit" or "regulatory cap."
Exact(58)
In Germany, for instance, there is a statutory limit of 35%.
The federal government could approach the statutory limit on borrowing sooner than expected.
However, there's a statutory limit to the amount of paper currency that can be in circulation at any one time.
The National Pension Board announced that payments under review would be backdated by four years, the statutory limit, to 2005.
Within two months the Treasury will probably have reached the statutory limit on the amount of debt it can issue.
Levine told me that he and other federal responders quickly reached their statutory limit on overtime and by midsummer were working essentially as volunteers.
The only reason they insist on a statutory limit on government debt is that it gives Congress political leverage against the president.
Without specifying any particular capacity, the report notes that Yucca Mountain could physically accommodate at least three times the statutory limit.
The Energy Department now has recommended that the statutory limit be eliminated so that consideration of a second repository can be deferred.
And over the summer, the debt ceiling, a statutory limit on the amount the government can borrow, would need to be raised again.
Finally, some time between March and April, Congress will have to vote to raise the statutory limit on how much the Treasury can borrow.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com