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noun
a bond issued by a state or city and backed by general tax revenue and the issuer's credit.
Compare revenue bond.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Link To general-obligation bond
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General-obligation bond
has a plethora of syllables.
So is pneumonoultramicroscopicsilicovolcanoconiosis. Does it mean:
| a white, crystalline, water-insoluble solid, C14H9Cl5, usually derived from chloral by reaction with chlorobenzene in the presence of fuming sulfuric acid: used as an insecticide and as a scabicide and pediculicide: agricultural use prohibited in the U.S. |
| an obscure term ostensibly referring to a lung disease caused by silica dust, sometimes cited as one of the longest words in the English language. |
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