Overlapping Debt Definition.

Overlapping debt is defined as the amount of debt that is shared by two or more levels of government. This can occur when one level of government borrows money from another level of government, or when two or more levels of government borrow money from the same source. Overlapping debt can also occur when two … Read more

Annual Premium Equivalent (APE).

Annual premium equivalent (APE) represents the total premium for a policy if it were to be taken out for one year. This term is typically used for life insurance policies, but can be applied to other types of insurance as well. What does API mean in insurance? API stands for “Application Programming Interface.” An API … Read more