Overlapping Debt

Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Overlapping Debt'

If the issuer of a municipal bond has overlapping debt, it should be considered.

Related Definitions

  • Municipal Bond

    A debt security issued by a state, municipality or county to finance its capital expenditures. Municipal bonds are exempt from federal taxes and from most state and local taxes, ...
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  • Tax Base

    The assessed value of a set of assets, investments or income streams that is subject to taxation, or the assessed value of a single asset that is subject to taxation. Anything that can ...
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  • Municipal Bond Fund

    A mutual fund that invests in municipal bonds, or "munis." Municipal bonds are debt securities issued by a state, municipality, county, or special purpose district (public schools, ...
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