- General obligation
A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a
general obligation bond .References
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General obligation
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general obligation — ( GO) A municipal obligation that is supported by the full faith and credit the full taxing authority of the municipality (as opposed to support from only the revenues from specific user fees). American Banker Glossary … Financial and business terms
General obligation bond — A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government s pledge to use legally available resources, including tax revenues, to repay bond holders.Most general obligation… … Wikipedia
General Obligation Bond - GO — A municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project. General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation… … Investment dictionary
general obligation bond — A bond issued by a public body as the obligation of the body payable from its general resources raised by taxation, as distinguished from a bond issued by such a body but payable from a special fund only. 43 Am J1st Publ Sec § 282 … Ballentine's law dictionary
general-obligation bond — /jen euhr euhl ob li gay sheuhn/ a bond issued by a state or city and backed by general tax revenue and the issuer s credit. Cf. revenue bond. * * * … Universalium
general obligation bond — /ˌdʒen(ə)rəl ɒblɪ eɪʃ(ə)n bɒnd/ noun US a municipal or state bond issued to finance public undertakings such as roads, but which is repaid out of general funds. Abbreviation GO bond … Dictionary of banking and finance
general-obligation bond — /jen euhr euhl ob li gay sheuhn/ a bond issued by a state or city and backed by general tax revenue and the issuer s credit. Cf. revenue bond … Useful english dictionary
Limited-tax general obligation bond — A general obligation bond that is limited as to revenue sources. The New York Times Financial Glossary … Financial and business terms
limited-tax general obligation bond — A general obligation bond of a government backed by specified or constrained revenue sources. Bloomberg Financial Dictionary … Financial and business terms
General obligation bonds — Municipal securities secured by the issuer s pledge of its full faith, credit, and taxing power. The New York Times Financial Glossary * * * A type of municipal security that is issued by US States, counties, special districts, cities, towns… … Financial and business terms
