threshold
noun [ C ]
uk/ˈθreʃhəʊld/ usthe level or point at which you start to experience something, or at which something starts to happen or change:
increase/lower/raise the threshold They will reduce inheritance tax by raising the £255,000 threshold.
exceed/reach a threshold Insurers can make claims when their own losses exceed certain thresholds.
income/insurance/salary thresholds Income thresholds for audit exemption are being raised.
on the threshold of sth
at the start of a new and important time or development:
The US economy was on the threshold of a boom.
See also
tax threshold