Overlapping debt - some related terms:
Nick Name:
Website?
(Optional) ...
Overlapping Debt - The issuer's proportionate share of the debt of other local governmental units that either overlap it (the issuer is located either wholly or partly within the geographic limits of the other units) or underlie it (the other ...
Overlapping Debt
The debt of a political entity, such as a state where its tax base overlaps the tax base of another political entity, such as a city within the state.
...
Overlapping debt
The portion of debt of political subdivisions or neighboring special districts that a municipality is responsible for.
overlapping debt
On a municipal issuer's financial statement, "overlapping debt" is the debt of other issuers which is payable in whole or in part by taxpayers of the subject issuer.
Overlapping debt: Multifarious debt that rests on a single debtor. In general, obligation municipal bonds, bonds issued by a city, county, school district, and water district may all look to the same people for taxes to support the debt.
Underlying debt should not be confused with overlapping debt. With overlapping debt, the degree of risk or liability involved in the financial venture share jointly with two or more parties.
overlapping debt A situation where more than one authority in a geographic area have the ability to tax the same residents.
 See also: Debt, Bonds, Issue, Share, Interest
|
