general obligation bond definition

general obligation bond

Government bond issued with the government's commitment to use its full taxing and borrowing authority (and other revenue resources) to make timely payment of interest and principal. Bonds issued by government agencies (municipalities, for example) may not have this power, and may rely only on the revenue from the project (to finance which the bond was issued). Also called full faith and credit bond.

general obligation bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.

general obligation bond appears in the definitions of the following terms: full faith and credit bond, revenue bond, moral obligation bond and municipal bond

This content can be found on the following page:

http://www.businessdictionary.com/definition/general-obligation-bond.html