Underlying debt

Underlying Debt
Financial & Investment Dictionary:
Underlying Debt
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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 security ...

Underlying Debt
The general obligation bonds of smaller units of local government within a given issuer's jurisdiction.

Underlying Debt
Municipal bond lingo pertaining to debt of a government entity that exists within the jurisdiction of a larger government entity. The larger entity has partial responsibility for the debt.

underlying debt
municipal bond term referring to the debt of government entities within the jurisdiction of larger government entities and for which the larger entity has partial credit responsibility.

Underlying Debt
In municipal bonds, underlying debt relates to an implicit understanding that the debt of smaller governmental entities might also be backed by the creditworthiness of larger governmental entities in the jurisdiction.

underlying debt The debt liability of a government entity that is a part of a larger public...

Among other things, the avenue that offers similar benefits to food and beverages with added tax efficiency are fixed maturity plans (FMP), which are funds with a fixed deposit investment in a portfolio's underlying debt market instruments, ...

See: Debt; Issuer; Municipal Bond; Underlying Debt
Overnight Position
Broker-dealer who has a long position or a short position in a security at the end of a trading day.
See: Long Position; Short Position ...

A futures contract based on an interbank deposit rate or an underlying debt security. The value of the contract rises and falls inversely to changes in interest rates.
Interest rate parity theorem ...

Yield-Based Option - A type of debt-instrument-based option that derives its value from the difference between the exercise price and the value of the yield of the underlying debt instrument. Yield-based options are settled in cash.

Mortgage lien - A lien or charge on the property of a mortgagor that secures the underlying debt obligations.
Mortgagor - A borrower in a mortgage loan transaction.

Interest-rate futures contract
A futures contract based on an inter-bank deposit rate or an underlying debt security. The value of the contract rises and falls inversely to changes in interest rates.

INTEREST RATE OPTIONS " Option contracts traded on underlying debt instruments.

The security or property or loan agreement that an option gives the option holder the right to buy or to sell.
Underlying debt ...

A put option issued on interest rates, often with multiple exercise dates that effectively sets the minimum interest rate the issuer would pay on underlying debt.
Foreclosure ...

Since these payments generate future benefits, they are treated as an asset. The costs are capitalised, reflected in the balance sheet as an asset, and amortised over the finite life of the underlying debt instrument.

See also: Banks, Current income, Withholding, Long position, Margin account