general obligation bond (GO) investment & finance definition
A municipal debt obligation on which interest and principal are guaranteed by the full financial resources and taxing power of the issuer.
General Obligation Bond - GO
Investment Dictionary:
General Obligation Bond - GO
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Definition
General obligation bonds
State or municipal debt instruments backed by the general taxing and borrowing authority of the state or municipality.
RELATED TERMS ...
GENERAL OBLIGATION BOND (G.O. BOND) - A bond that is secured by the full faith, credit and taxing power of an issuer.
General Obligation Bond (G-O Bond) State or municipal bonds in the United States that are approved by voters and backed by the full faith, credit and taxing power of the issuer.
General obligation bonds.
Principal and interest are secured by the full faith and credit of the issuer and usually supported by either the issuer's unlimited or limited taxing power.
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.
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General obligation bonds
General partner
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Glass-Steagall Act of 1939
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General obligation bond
A debt instrument of a municipality which is secured by the issuer's unlimited taxing power.
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General obligation bonds
Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power.
General Order
A penalty imposed on imported goods that are not promptly cleared through customs.
GENERAL OBLIGATION BONDS
Municipal bonds backed by full faith and credit (which includes taxing and further borrowing power) of a municipality.
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General obligation bond (GO) A municipal bond in which interest and principal payments are guaranteed by the full financial resources and taxing power of the issuer.
General obligation bonds are municipal bonds that are intended to raise money in order to cover existing expenses.
General obligation bonds promise to repay based on the full faith and credit of the issuer; these bonds are typically considered the most secure type of municipal bond, and therefore carry the lowest interest rate.
Related Searches general obligation bonds fixed income investment tax free munis municipal bonds revenue bonds corporate bonds
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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.
Limited-tax general obligation bond A general obligation bond that is limited as to revenue sources. LiquidationAny transaction that offsets or closes out a long or short position. Related: Buy in, Evening up, Offset.
Some of those state's bonds may yet be solvent in cases where they are revenue rather than general obligation bonds.
In the past, muni bonds have been divided into two general types of bonds, general obligation bonds and revenue bonds.
Tax-exempt bond instruments issued by municipalities are either general obligation bonds or revenue bonds. General obligation bonds are issued for any project within the confines of the local or state authority.
General Obligation Bonds
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[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: Bond, Bonds, Issue, Investment, Interest
  
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