MORAL OBLIGATION BOND " A bond secured by revenues which is additionally secured by a moral, but not legal pledge from the state to make up any deficiencies. The state legislature would have to approve any makeup funds.
moral obligation bond
Revenue bonds issued by state agencies, government commissions, or other special purpose municipal entities that purport to have the added backing of a moral obligation of the city or state government.
Moral Obligation Bonds
These were brought out in the 1960's in New York State. These bonds were issued for a specific purpose (e.g. public housing). It was implied that in the event of a shortfall, the state would make up the difference.
Moral obligation bond
A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default .
Moral obligation bond: A municipal revenue bond which the state is morally obligated to redeem, should the bonds go into default.
Moral obligation bond
More flexible exchange rate system
Morgan Stanley Capital International (MSCI) ...
MOB (Municipals-over-Bonds) Spread
Moral Obligation Bond
Municipal Bond Fund
Municipal bond insurance
Municipal Securities Rulemaking Board - MSRB ...
Rodes (American history)
post-obit
Guaranty (legal term)
Moral Obligation Bond (in banking)
Risk Participation (in banking)
Cashier's Check (finance term)
Secondary Party
Standard & Poor's Rating (finance term)
Save Harmless ...
The risk that the existence of a contract will change the behavior of one or both parties to the contract, e.g. an insured firm will take fewer fire precautions.
Moral obligation bond ...
moral obligation bond A type of state-issued municipal bond that is backed by a moral but not a legal, obligation. moral suasion The application of pressure by an authority figure in order to get members to adhere to a policy.
 See also: Obligation bond, Banks, Mortgage bond, Revenue bond, Saving
  
|
RSS
