underlying debt

Underlying debt

Municipal bonds issued by government entities but under the control of larger government entities and for which the larger entity shares the credit responsibility.

Underlying Debt

A bond or other debt issued by a municipality and guaranteed by another government entity. For example, if a state guarantees payment, at least in part, for municipal bonds issued by cities in that state, those bonds are called the state's underlying debt. This debt is usually lower risk than other debts.

underlying debt

Debt of a municipal organization for which a higher municipal organization is at least partially responsible. For example, debt of a hospital authority may be guaranteed by a county such that the hospital debt is underlying the debt of the county. Compare overlapping debt.

单词	underlying debt
释义	underlying debt Underlying debt Municipal bonds issued by government entities but under the control of larger government entities and for which the larger entity shares the credit responsibility. Underlying Debt A bond or other debt issued by a municipality and guaranteed by another government entity. For example, if a state guarantees payment, at least in part, for municipal bonds issued by cities in that state, those bonds are called the state's underlying debt. This debt is usually lower risk than other debts. underlying debt Debt of a municipal organization for which a higher municipal organization is at least partially responsible. For example, debt of a hospital authority may be guaranteed by a county such that the hospital debt is underlying the debt of the county. Compare overlapping debt.
随便看	combat supply system combat support combat support agency combat support agency assessment system combat support agency director’s report combat support agency responsiveness and readiness report combat support agency review team combat support air traffic management system combat support and combat combat support and logistics equipment combat support aviation battalion combat support aviation company combat support battalion combat support center combat support/combat service support combat support company combat support coordination team combat support database combat support data environment combat support display combat support division combat support element combat support elements combat support enabled combat support engineer