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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.
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Investopedia explains 'Overlapping Debt'
If the issuer of a municipal bond has overlapping debt, it should be considered.
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Learn about debt ratios and how to use them to assess a company's financial health. You could save a lot of money!
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Borrowed funds can mean a leg up for companies, or the boot for investors. Find out how to tell the difference.
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Credit ratings are not the only tool to rely on when assessing bonds. Find out why they sometimes fall short.
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