Skip to content

Pass Rate

Over 25 years and 400,000 exams

Assured Success

If you use our practice exams

Chat & Call Support

We are with you every step of the way

Definition of Coterminous

Coterminous refers to municipalities that share the same borders and have overlapping debt.

Applying "Coterminous" to Securities Exams:

In certain instances two municipalities will be responsible for the same municipal debt issue.
Ex: A city located within a county may issue a bond that is backed by both the full faith and credit of the city and the county. The debt is then said to be shared, or coterminous debt.

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials