Concept

Token Budget

Application-set ceiling on tokens consumed per request or per session for cost control.

Definition

Token budgets limit how many tokens a user or feature can spend on LLM calls in a given window. They are enforced via max_tokens, account-level quotas, or LLM-gateway middleware. Without them costs scale unpredictably with user behaviour.

Common use cases

  • Cost guards
  • Fair-use limits
  • Multi-tenant serving

Related terms

    Token Budget — AI Glossary | Railwail