net debt to estimated valuation

Definition

The ratio of the net value of a municipal bond to the market value of the property used to secure it. If the value of a bond is small compared to the value of the property that backs it up, the bond is less risky because the government entity that issued it is in a stronger position to repay it. This ratio is one of the elements used to determine the quality of a municipal bond.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
net debt to assessed valuation net dividend per share