generalobligation bond

general-obligation bond

[jen-er-uhl-ob-li-gey-shuhn]
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. 2014.
Cite This Source Link To generalobligation bond
Explore Dictionary.com
Next Definition: generalpurpose
More from Thesaurus.com
Synonyms and Antonyms for generalobligation bond
More from Reference.com
Search for articles containing generalobligation bond
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;