For municipal bonds, the debt of a government entity within the jurisdiction of a larger government entity which has partial credit responsibility. The larger government entity views the debt of the smaller entity as underlying debt. Since the larger government entity will generally be more creditworthy than the smaller entity, this sharing of credit responsibilities generally acts as a credit enhancement for the issuing authority.
Related information about underlying debt:
- Underlying Debt Definition | Investopedia
In municipal bonds, underlying debt relates to an implicit understanding that the debt of smaller governmental entities might also be backed by the ...
- What is underlying debt? definition and meaning
Definition of underlying debt: For municipal bonds, the debt of a government entity within the jurisdiction of a larger government entity which has partial credit ...
- Underlying Debt - Financial Dictionary - The Free Dictionary
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 - Invest Definition
underlying debt definition: A term that is used in the municipal bond market to refer to the debt of a government agency within the jurisdiction of the larger ...
- Underlying debt Definition - NASDAQ.com
Underlying debt: read the definition of Underlying debt and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- WAC 458-61A-103: Transfers involving an underlying debt.
The real estate excise tax applies to transfers of real property when the grantee relieves the grantor from an underlying debt on the property or makes payments ...
- Financial Accounting Underlying Debt - Homework Help: Maths ...
Underlying debt is mainly considered in the pricing of the municipal bonds. The smaller entity is improved while it is shared by a larger entity, more credit worthy ...
- What does "Demand proof of the underlying debt" mean? - Credit and ...
I was reading up on some caselaw & just received an article where a judge said " I've watched & wanted to tell defendants in these suits.