Ability To Pay

Business / Finance / Ability To Pay: 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.
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Other Words for Ability

Ability Noun Synonyms: adeptness, aptitude, facility, faculty, capacity, power, knack, proficiency, know-how
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Other Words for Pay

Pay Verb Synonyms: extend, bestow, transmit, pass on, give, deliver
Pay Noun Synonyms: recompense, compensate, remunerate, reward, indemnify, repay, refund, reimburse, pay off, pay out, pay up, satisfy, clear, remit, discharge, liquidate, settle, honor, meet
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Prior-Preferred Stock

Business / Finance / Prior-Preferred Stock: Preferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock. MORE

Probability

Business / Finance / Probability: The relative likelihood of a particular outcome among all possible outcomes. MORE

Probability Density Function

Business / Finance / Probability Density Function: The function that describes the change of certain realizations for a continuous random variable. MORE