10% guideline

Definition:

The standard analysts' principle that funded debt over 10% of the assessed valuation of taxable property for a municipality is excessive.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Dedicated capital

Total par value (number of shares issued, multiplied by the par value of each share). Also called dedicated value.

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