Business Dictionary
Ability to pay
Refers to the
borrower's ability to make
interest and
principal payments on
debts.
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.
Related Articles• A Sedan for Showing Off
Entrepreneur.com - Acura's RL with the Technology and CMBS/ACC Packages may be a serious luxury business sedan, but gear-shifting paddles on the steering wheel are a pure Formula 1 Grand Prix ...
• Last of Their Breed
Entrepreneur.com - The funeral industry is well known for morbidly bragging that it'll never go out of business. But some industries aren't guaranteed to remain indefinitely. Barbara Wick, ...
• Where can I find current laws regarding spam?
NOLO.COM - Rules regarding unsolicited email
• Marketing That Takes Flight
Entrepreneur.com - Steve Astephen's legacy is everywhere. It's in the oceans. It's in the mountains. It's on the street. But more than anywhere, it's in the air, where his ...
• National Origin Discrimination in the Workplace
NOLO.COM - It is illegal to harass or discriminate against an employee or an applicant for employment based on national origin. The federal law that prohibits national origin discrimination ...