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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Ability Noun Synonyms: adeptness, aptitude, facility, faculty, capacity, power, knack, proficiency, know-how
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
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
Business / Finance / Probability: The relative likelihood of a particular outcome among all possible outcomes. MORE