Dico Tools

Ability to pay :

Send to friend
Print
Save

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, notion that tax rates should be determined according to income or wealth.


	NSD Utilities - Dictionaries

The information contained in this communication is intended solely for the use of the individual or entity to whom it is addressed and others authorized to receive it. It may contain confidential or legally privileged information. If you are not the intended recipient you are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by responding to this email and then delete it from your system. NSD is neither liable for the proper and complete transmission of the information contained in this communication nor for any delay in its receipt.