Terms Beginning With 'u'

Underlying Debt

  • January 17, 2020
  • Team Kalkine

A term used in the municipal bond market that describes the debt of a smaller government organization within the jurisdiction of the larger government firms having a partial credit responsibility for repayment. The larger government entity deems the debt of the smaller entity to be the underlying debt.

x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK