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obligation bond

См. также в других словарях:

  • Obligation Bond — A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of the property itself. An obligation bond creates a personal obligation on the part of… …   Investment dictionary

  • obligation bond — A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value. Bloomberg Financial Dictionary …   Financial and business terms

  • General obligation bond — 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 bond holders.Most general obligation… …   Wikipedia

  • Moral Obligation Bond — A type of revenue bond issued by a municipality or similar government body. A moral obligation bond not only gives investors the tax exemption benefits inherent in a municipal bond, but also provides an additional moral pledge of commitment… …   Investment dictionary

  • Limited-tax general obligation bond — A general obligation bond that is limited as to revenue sources. The New York Times Financial Glossary …   Financial and business terms

  • limited-tax general obligation bond — A general obligation bond of a government backed by specified or constrained revenue sources. Bloomberg Financial Dictionary …   Financial and business terms

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • Bond — /bond/, n. 1. Carrie (nee Jacobs), 1862 1946, U.S. songwriter and author. 2. Julian, born 1940, U.S. civil rights leader and politician. * * * I In construction, the systematic arrangement of bricks or other building units (e.g., concrete blocks …   Universalium

  • moral obligation bond — Revenue bonds issued by state agencies, government commissions, or other special purpose municipal entities that purport to have the added backing of a moral obligation of the city or state government. Since there is no legal obligation for the… …   Financial and business terms

  • 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. General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation… …   Investment dictionary

  • general obligation bond — A bond issued by a public body as the obligation of the body payable from its general resources raised by taxation, as distinguished from a bond issued by such a body but payable from a special fund only. 43 Am J1st Publ Sec § 282 …   Ballentine's law dictionary

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