diff --git a/litellm/proxy/management_endpoints/internal_user_endpoints.py b/litellm/proxy/management_endpoints/internal_user_endpoints.py
index 9a98bdbb6b1..90e4bd94423 100644
--- a/litellm/proxy/management_endpoints/internal_user_endpoints.py
+++ b/litellm/proxy/management_endpoints/internal_user_endpoints.py
@@ -480,7 +480,7 @@ async def new_user(
     - object_permission: Optional[LiteLLM_ObjectPermissionBase] - internal user-specific object permission. Example - {"vector_stores": ["vector_store_1"], "mcp_servers": ["github"], "mcp_tool_permissions": {"github": ["list_issues"]}}. The MCP grants act as a ceiling on every key this user holds. IF null or {} then no object permission.
     - prompts: Optional[List[str]] - List of allowed prompts for the user. If specified, the user will only be able to use these specific prompts.
     - organizations: List[str] - List of organization id's the user is a member of
-    - budget_limits: Optional[list] - List of concurrent budget windows for the user. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+    - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the user. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
     Returns:
     - key: (str) The generated api key for the user
     - expires: (datetime) Datetime object for when key expires.
@@ -1582,7 +1582,7 @@ async def user_update(
         - key_alias: Optional[str] - [NOT IMPLEMENTED].
         - object_permission: Optional[LiteLLM_ObjectPermissionBase] - internal user-specific object permission. Example - {"vector_stores": ["vector_store_1"], "mcp_servers": ["github"], "mcp_tool_permissions": {"github": ["list_issues"]}}. The MCP grants act as a ceiling on every key this user holds. IF null or {} then no object permission.
         - prompts: Optional[List[str]] - List of allowed prompts for the user. If specified, the user will only be able to use these specific prompts.
-        - budget_limits: Optional[list] - List of concurrent budget windows for the user. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+        - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the user. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
 
     """
     try:
diff --git a/litellm/proxy/management_endpoints/key_management_endpoints.py b/litellm/proxy/management_endpoints/key_management_endpoints.py
index 97999cbb6d7..50caedb5492 100644
--- a/litellm/proxy/management_endpoints/key_management_endpoints.py
+++ b/litellm/proxy/management_endpoints/key_management_endpoints.py
@@ -1668,7 +1668,7 @@ async def generate_key_fn(
     - allowed_vector_store_indexes: Optional[List[dict]] - List of allowed vector store indexes for the key. Example - [{"index_name": "my-index", "index_permissions": ["write", "read"]}]. If specified, the key will only be able to use these specific vector store indexes. Create index, using `/v1/indexes` endpoint.
     - router_settings: Optional[UpdateRouterConfig] - key-specific router settings. Example - {"model_group_retry_policy": {"gpt-4": {"RateLimitErrorRetries": 5}}}. IF null or {} then no router settings.
     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the key. Access groups define which models a key can access. Example - ["access_group_1", "access_group_2"].
-    - budget_limits: Optional[list] - List of concurrent budget windows for the key. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+    - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the key. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
 
     Examples:
 
@@ -2785,7 +2785,7 @@ async def update_key_fn(
     - allowed_vector_store_indexes: Optional[List[dict]] - List of allowed vector store indexes for the key. Example - [{"index_name": "my-index", "index_permissions": ["write", "read"]}]. If specified, the key will only be able to use these specific vector store indexes. Create index, using `/v1/indexes` endpoint.
     - router_settings: Optional[UpdateRouterConfig] - key-specific router settings. Example - {"model_group_retry_policy": {"gpt-4": {"RateLimitErrorRetries": 5}}}. IF null or {} then no router settings.
     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the key. Access groups define which models a key can access. Example - ["access_group_1", "access_group_2"].
-    - budget_limits: Optional[list] - List of concurrent budget windows for the key. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+    - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the key. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
 
     Example:
     ```bash
diff --git a/litellm/proxy/management_endpoints/team_endpoints.py b/litellm/proxy/management_endpoints/team_endpoints.py
index c6d7975b75e..fe7771bcb2d 100644
--- a/litellm/proxy/management_endpoints/team_endpoints.py
+++ b/litellm/proxy/management_endpoints/team_endpoints.py
@@ -1239,7 +1239,7 @@ async def new_team(
     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the team. Access groups define which models the team can access. Example - ["access_group_1", "access_group_2"].
     - enforced_file_expires_after: Optional[dict] - Enforced file expiration policy for the team. Keys created under this team will inherit this policy for file uploads. Example - {"anchor": "created_at", "days": 30}.
     - enforced_batch_output_expires_after: Optional[dict] - Enforced batch output file expiration policy for the team. Keys created under this team will inherit this policy for batch output files. Example - {"anchor": "created_at", "days": 30}.
-    - budget_limits: Optional[list] - List of concurrent budget windows for the team. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+    - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the team. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
     - default_team_member_models: Optional[List[str]] - Default models assigned to new team members when they join this team. Must be a subset of the team's models.
 
     Returns:
@@ -1953,7 +1953,7 @@ async def update_team(
     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the team. Access groups define which models the team can access. Example - ["access_group_1", "access_group_2"].
     - enforced_file_expires_after: Optional[dict] - Enforced file expiration policy for the team. Keys created under this team will inherit this policy for file uploads. Example - {"anchor": "created_at", "days": 30}.
     - enforced_batch_output_expires_after: Optional[dict] - Enforced batch output file expiration policy for the team. Keys created under this team will inherit this policy for batch output files. Example - {"anchor": "created_at", "days": 30}.
-    - budget_limits: Optional[list] - List of concurrent budget windows for the team. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+    - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the team. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
     - default_team_member_models: Optional[List[str]] - Default models assigned to new team members when they join this team. Must be a subset of the team's models.
 
     ```
diff --git a/tests/test_litellm/proxy/test_openapi_schema_validation.py b/tests/test_litellm/proxy/test_openapi_schema_validation.py
index b44edc8a3bc..641300dadcd 100644
--- a/tests/test_litellm/proxy/test_openapi_schema_validation.py
+++ b/tests/test_litellm/proxy/test_openapi_schema_validation.py
@@ -11,6 +11,43 @@ Related issue: https://github.com/BerriAI/litellm/issues/21305
 import pytest
 
 
+class TestBudgetLimitsOpenAPISchema:
+    def test_descriptions_use_budget_limit_entry_field_names(self):
+        from fastapi.openapi.utils import get_openapi
+
+        from litellm.proxy.management_endpoints.internal_user_endpoints import (
+            router as user_router,
+        )
+        from litellm.proxy.management_endpoints.key_management_endpoints import (
+            router as key_router,
+        )
+        from litellm.proxy.management_endpoints.team_endpoints import (
+            router as team_router,
+        )
+
+        schema = get_openapi(
+            title="LiteLLM",
+            version="test",
+            routes=[*key_router.routes, *user_router.routes, *team_router.routes],
+        )
+
+        for path in (
+            "/key/generate",
+            "/key/update",
+            "/user/new",
+            "/user/update",
+            "/team/new",
+            "/team/update",
+        ):
+            description = schema["paths"][path]["post"]["description"]
+            budget_limits_line = next(line for line in description.splitlines() if "budget_limits:" in line)
+
+            assert "max_budget and budget_duration" in budget_limits_line
+            assert '{"budget_duration": "24h", "max_budget": 10.0}' in budget_limits_line
+            assert '"budget_limit"' not in budget_limits_line
+            assert '"time_period"' not in budget_limits_line
+
+
 class TestSpendCalculateOpenAPISchema:
     """Test /spend/calculate response schema is valid OpenAPI 3.x."""
 
diff --git a/ui/litellm-dashboard/src/lib/http/schema.d.ts b/ui/litellm-dashboard/src/lib/http/schema.d.ts
index 25fbd53018a..2b0da89168f 100644
--- a/ui/litellm-dashboard/src/lib/http/schema.d.ts
+++ b/ui/litellm-dashboard/src/lib/http/schema.d.ts
@@ -7374,7 +7374,7 @@ export interface paths {
          *     - allowed_vector_store_indexes: Optional[List[dict]] - List of allowed vector store indexes for the key. Example - [{"index_name": "my-index", "index_permissions": ["write", "read"]}]. If specified, the key will only be able to use these specific vector store indexes. Create index, using `/v1/indexes` endpoint.
          *     - router_settings: Optional[UpdateRouterConfig] - key-specific router settings. Example - {"model_group_retry_policy": {"gpt-4": {"RateLimitErrorRetries": 5}}}. IF null or {} then no router settings.
          *     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the key. Access groups define which models a key can access. Example - ["access_group_1", "access_group_2"].
-         *     - budget_limits: Optional[list] - List of concurrent budget windows for the key. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *     - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the key. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          *
          *     Examples:
          *
@@ -7819,7 +7819,7 @@ export interface paths {
          *     - allowed_vector_store_indexes: Optional[List[dict]] - List of allowed vector store indexes for the key. Example - [{"index_name": "my-index", "index_permissions": ["write", "read"]}]. If specified, the key will only be able to use these specific vector store indexes. Create index, using `/v1/indexes` endpoint.
          *     - router_settings: Optional[UpdateRouterConfig] - key-specific router settings. Example - {"model_group_retry_policy": {"gpt-4": {"RateLimitErrorRetries": 5}}}. IF null or {} then no router settings.
          *     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the key. Access groups define which models a key can access. Example - ["access_group_1", "access_group_2"].
-         *     - budget_limits: Optional[list] - List of concurrent budget windows for the key. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *     - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the key. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          *
          *     Example:
          *     ```bash
@@ -14986,7 +14986,7 @@ export interface paths {
          *     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the team. Access groups define which models the team can access. Example - ["access_group_1", "access_group_2"].
          *     - enforced_file_expires_after: Optional[dict] - Enforced file expiration policy for the team. Keys created under this team will inherit this policy for file uploads. Example - {"anchor": "created_at", "days": 30}.
          *     - enforced_batch_output_expires_after: Optional[dict] - Enforced batch output file expiration policy for the team. Keys created under this team will inherit this policy for batch output files. Example - {"anchor": "created_at", "days": 30}.
-         *     - budget_limits: Optional[list] - List of concurrent budget windows for the team. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *     - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the team. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          *     - default_team_member_models: Optional[List[str]] - Default models assigned to new team members when they join this team. Must be a subset of the team's models.
          *
          *     Returns:
@@ -15193,7 +15193,7 @@ export interface paths {
          *     - access_group_ids: Optional[List[str]] - List of access group IDs to associate with the team. Access groups define which models the team can access. Example - ["access_group_1", "access_group_2"].
          *     - enforced_file_expires_after: Optional[dict] - Enforced file expiration policy for the team. Keys created under this team will inherit this policy for file uploads. Example - {"anchor": "created_at", "days": 30}.
          *     - enforced_batch_output_expires_after: Optional[dict] - Enforced batch output file expiration policy for the team. Keys created under this team will inherit this policy for batch output files. Example - {"anchor": "created_at", "days": 30}.
-         *     - budget_limits: Optional[list] - List of concurrent budget windows for the team. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *     - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the team. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          *     - default_team_member_models: Optional[List[str]] - Default models assigned to new team members when they join this team. Must be a subset of the team's models.
          *
          *     ```
@@ -16233,7 +16233,7 @@ export interface paths {
          *     - object_permission: Optional[LiteLLM_ObjectPermissionBase] - internal user-specific object permission. Example - {"vector_stores": ["vector_store_1"], "mcp_servers": ["github"], "mcp_tool_permissions": {"github": ["list_issues"]}}. The MCP grants act as a ceiling on every key this user holds. IF null or {} then no object permission.
          *     - prompts: Optional[List[str]] - List of allowed prompts for the user. If specified, the user will only be able to use these specific prompts.
          *     - organizations: List[str] - List of organization id's the user is a member of
-         *     - budget_limits: Optional[list] - List of concurrent budget windows for the user. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *     - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the user. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          *     Returns:
          *     - key: (str) The generated api key for the user
          *     - expires: (datetime) Datetime object for when key expires.
@@ -16337,7 +16337,7 @@ export interface paths {
          *         - key_alias: Optional[str] - [NOT IMPLEMENTED].
          *         - object_permission: Optional[LiteLLM_ObjectPermissionBase] - internal user-specific object permission. Example - {"vector_stores": ["vector_store_1"], "mcp_servers": ["github"], "mcp_tool_permissions": {"github": ["list_issues"]}}. The MCP grants act as a ceiling on every key this user holds. IF null or {} then no object permission.
          *         - prompts: Optional[List[str]] - List of allowed prompts for the user. If specified, the user will only be able to use these specific prompts.
-         *         - budget_limits: Optional[list] - List of concurrent budget windows for the user. Each window specifies a budget_limit, time_period, and optional budget_duration. Example - [{"budget_limit": 10.0, "time_period": "1d"}, {"budget_limit": 50.0, "time_period": "7d"}].
+         *         - budget_limits: Optional[List[BudgetLimitEntry]] - List of concurrent budget windows for the user. Each window specifies max_budget and budget_duration. Example - [{"budget_duration": "24h", "max_budget": 10.0}, {"budget_duration": "30d", "max_budget": 100.0}].
          */
         post: operations["user_update_user_update_post"];
         delete?: never;