general obligation bond (0 synonym found)

Definition of general obligation bond:

(N) : 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 bondholders.

Definition of general obligation bond:

(N) : 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 bondholders.

Back to Top