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How is ceilingDueDate different from globalDueDate?

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This FAQ applies to: 3.1

The globalDueDate is a fixed due date - all loans get that due date. The ceilingDueDate establishes an upper bound, and if a loan's due date per the circ policy falls before the ceiling, nothing happens. But if the due date would ordinarily fall after the ceiling (say, for a four week loan made one week before the ceiling), the ceiling is used instead.

see also:

Circulation
These preferences will help define settings related to circulation.
Circulation
This module will allow you to handle all actions associated with circulating items in your library.