Obligations of property owners within a particular government for their proportionate share of debts of other governments with whom their government shares boundaries are called
A) Overlapping debt.
B) Conduit debt.
C) Committed debt.
D) Moral obligation debt.

Question

Quizplus · Accepted Answer

Overlapping debt refers to the financial obligations of property owners within a specific government area for their share of the debts of other governments with which their government shares geographical boundaries. This concept recognizes that residents benefit from and, therefore, share responsibility for, certain public debts beyond their immediate municipal or local government's boundaries.

Obligations of Property Owners Within a Particular Government for Their