Answer:
a. Overlapping debt
Step-by-step explanation:
A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered an overlapping debt.
The city and school district being coterminous simply means that they share the same things in common such as geographic boundaries, locations, scope of business, branch (jurisdiction) strategies and perhaps objectives.
An overlapping debt can be defined as the financial obligations of a municipality that falls partly or is being shared with a nearby jurisdiction (neighboring district, towns etc.)