Obligation Bond
Investment Dictionary:
Obligation Bond
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General Obligation Bond
A general obligation bond is a municipal bond backed by the taxing and revenue power of the issuing municipality. For this reason a general obligation bond is sometimes referred to as a full-faith-and-credit bond.
General Obligation Bonds
Securities issued by municipalities. The source of revenue to pay the interest and principal is taxes.
general obligation bond
state or municipal bond (a G-O bond) backed by the issuer's full faith credit and taxing authority.
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.
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.
General obligation bond (GO):
A municipal bond backed by the full faith, credit, and "taxing power" of the issuing unit rather than the revenue from a given project.
GNMA (Ginnie Mae): ...
General Obligation Bonds
Securities issued by states and municipalities which are secured by the full faith and credit, hence, taxing power, of the issuer.
Ginnie Mae ...
General Obligation Bond
A municipal bond which is backed by the full faith and credit of a municipality. It includes the authority to raise taxes and/or borrow to pay back interest and principal.
General obligation bonds
Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power.
General partner ...
General Obligation Bond
Commonly abbreviated as "GO" bond, it is a municipal bond secured by the "full faith and credit" (taxing and borrowing power of the issuer) of the municipality.
General Obligation Bond: A municipal bond secured by the pledge of the issuer's faith, credit and taxing power.
Grantor: A person or entity who creates a trust.
GENERAL OBLIGATION BONDS - Statewide bond issues that are secured by an unconditional pledge of the full faith, credit and taxing power of the state.
Obligation Bond
A mortgage bond that has a face value greater than the underlying property's value. The excess amount is the lender's cost that exceeds the mortgage value.
See: Face Value; General Mortgage Bond ...
Obligation bond
A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value.
Obligor ...
Obligation Bond
A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of the property itself.
The Basics Of Municipal Bonds ...
Moral obligation bond
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Morgan Stanley Capital International (MSCI) ...
A general obligation bond that is limited as to revenue sources.
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General Obligation Bond - Municipal bond secured by the general taxing authority of the issuing municipality rather than from revenues of a specific project or taxing authority.
General Obligation Bond A municipal bond secured by the taxing and borrowing power of the municipality issuing it. general partner A partner with unlimited legal responsibility for the debts and liabilities of a partnership.
General obligation bond (GO) A municipal debt obligation in which interest and principal payments are guaranteed by the full financial resources and taxing power of the issuer. Ginnie Mae 1. Government National Mortgage Organization (GNMA).
These instruments include general obligation bonds, which are baked by the general tax revenue of the issuer. Some are are structured like a securitization of specific revenues, such as sales taxes or fees.
A type of obligation that covers all a borrower's mortgageable properties, not just one specific property.
General obligation bonds ...
In the US, this refers to a bond that is secured by a blanket mortgage on the issuing company's property, though it may be outranked by one ...(Read more)
General Obligation Bond ...
Limited-tax general obligation bond A general obligation that is limited as to revenue sources.
Liquidation Any transaction that offsets or closes out a Long or . Related: Buy in, Evening up, .
Limited-tax general obligation bond
A general obligation bond of a government backed by specified or constrained revenue sources.
See: Limit order Limited-tax general obligation bond A general obligation bond that is limited as to revenue sources.
Such a refunding issue generally consists of two series of bonds: the refunding bonds, which pay debt service on the refunded bonds; and 'special obligation bonds,' which pay a portion of the debt service on the refunding bonds.
Double Barreled - A municipal general obligation bond in which the cash flows are pledged by two distinct and different entities. One entity will make interest payments, and the other, the principal payments.
Municipal bonds typically are designated as either general obligation bonds or revenue bonds. General obligation bonds are backed by the 'full faith and credit' (and thus the taxing authority) of the issuing entity.
DIRECT DEBT - In general obligation bond analysis, the amount of debt that a particular local unit of g...
DIRECT DEPOSIT - A system wherein amounts are transferred from a payor's checking account to the accoun...
Bond Buyer's 20-Bond Index is a representation of municipal bond trends based on a portfolio of 20 general obligation bonds that mature in 20 years, with an average AA rating.
Dictionary Term
general obligation bond
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In the evaluation of general obligation bonds others information can regard the revenue sources of local governments and its overall socioeconomic environment (employment rates, population growth rates, real estate property valuation, ...
[EPA] bond fund (A) A fund formerly used to account for the proceeds of general obligation bond issues. Such proceeds are now accounted for in a Capital Projects Fund.
 See also: General obligation bond, Revenue bond, Funding, Convertible Bond, Expense
  
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