general obligation bond (0 synonym found)

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general obligation bonds

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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.
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