Definitions for "Overlapping Debt"
The portion of debt of political subdivisions or neighboring special districts that a municipality is responsible for.
A situation where multiple authorities in a given geographic area have the ability to tax the same residents. see also debt.
Debt of a political entity, such as a state, where its tax base extends to the tax base of another political entity, such as a county within the state. When evaluating a municipal bond, if the issuer has overlapping debt, it should be considered. See: Debt; Issuer; Municipal Bond; Underlying Debt
overwithholding overbought