Refers to the borrower`s ability to make interest and principal payments on debts. See: Fixed charge coverage ratio. In context of municipal bonds, refers to the issuer`s present and future ability to create sufficient tax revenue to fulfill its contractual obligations, accounting for municipal income and property values. In context of taxation, no...
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm
Refers to the borrower's ability to make interest and principal payments on debts. See
Found on
http://www.encyclo.co.uk/local/22402
A concept of tax fairness that states that people with different amounts of wealth or different amounts of income should pay tax at different rates. Wealth includes assets such as houses, cars, stocks, bonds, and savings accounts. Income includes wages, interest and dividends, and other payments.
Found on
http://www.irs.gov/app/understandingTaxes/student/glossary.jsp
No exact match found.
