general-obligation bond

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. 2012.

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  • 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 — (GO BOND)  A municipal bond (tax free for federal income) that is backed by the municipality issuing it. GO bonds are considered less risky than revenue bonds, which are issued by municipalities, tax free, but are backed only by the revenue from… …   American business jargon

  • general obligation bond — noun : a municipal bond of which payment of interest and principal is backed by the taxing power and credit of the issuing governmental unit …   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 bond — In the USA, a security in which the government department with the authority to levy taxes has unconditionally promised payment …   Accounting dictionary

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