Obligations issued in the name of a government on behalf of a nongovernmental entity are called
A) Overlapping debt.
B) Conduit debt.
C) Committed debt.
D) Moral obligation debt.

Question

Quizplus · Accepted Answer

Conduit debt obligations are those issued by a government entity on behalf of a private entity, such as a non-profit organization or a private sector company. The government entity acts as a conduit for the loan, and the borrowing entity is responsible for the repayment of the debt.

Obligations Issued in the Name of a Government on Behalf