Generalizing the concept of right bounded rings, a module MR is called bounded if annR(M/N)≤eRR for all N≤eMR. The module MR is called fully bounded if (M/P) is bounded as a module over R/annR(M/P) for any ℒ2-prime submodule P◃MR. Boundedness and right boundedness are Morita invariant properties. Rings with all modules (fully) bounded are characterized, and it is proved that a ring R is right Artinian if and only if RR has Krull dimension, all R-modules are fully bounded and ideals of R are finitely generated as right ideals. For certain fully bounded ℒ2-Noetherian modules MR, it is shown that the Krull dimension of MR is at most equal to the classical Krull dimension of R when both dimensions exist.