Question on "slack"

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I am using Synopsys Design Compiler to generate reports for my design. Now i have a question here.

My system clock is 20 Mhz, or 50 ns!

I want to know/calculate what is the max. frequency at which my digital circuit can operate ? How to do it ?
Is it given by the slack ? If not then what is this "slack" ?

Here is the last part when I run the command report_timing................

--------------------------------------------------------------------------

data required time 48.95

data arrival time -12.55

--------------------------------------------------------------------------

slack (MET) 36.40
 

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