General obligation bonds

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

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   A type of municipal security that is issued by US States, counties, special districts, cities, towns and schools.

Financial and business terms. 2012.

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  • Obligation — • Defined in the Institutes of Justinian as a legal bond which by a legal necessity binds us to do something according to the laws of our State Catholic Encyclopedia. Kevin Knight. 2006. Obligation     Obligation …   Catholic encyclopedia

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