Bounded rank of C*-algebras

We introduce a concept of the bounded rank (with respect to a positive constant) for unital C*-algebras as a modification of the usual real rank and present a series of conditions insuring that bounded and real ranks coincide. These observations are then used to prove that for a given $n$ and $K > 0$ there exists a separable unital C*-algebra $Z_{n}^{K}$ such that every other separable unital C*-algebra of bounded rank with respect to $K$ at most $n$ is a quotient of $Z_{n}^{K}$.