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State defaults in the United States are instances of states within the United States defaulting on their debt. The last instance of such a default took place during the Great Depression , in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [ 1 ]
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
As the payment pause on federal student loans comes to an end in a few weeks, a new report sheds light on how the debt is distributed across the country. Map: The states with the highest and ...
This article is a list of sister cities in the United States state of Texas.Sister cities, known in Europe as town twins, are cities that partner with each other to promote human contact and cultural links, although this partnering is not limited to cities and often includes counties, regions, states, and other sub-national entities.
According to a study from WalletHub, the median average credit card debt per state varies across the country. Map: These are the states with the most and least credit card debt [Video] Skip to ...
Here’s a closer look at the 20 cities where Gen Xers have the most car loan debt. 20. Baltimore. Median balance: ... Percentage of Gen Xers with debt: 60.1%. 6. Austin, Texas. Median balance ...
This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.