Difference between revisions of "General Obligation Municipal Bond"
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== Definition == | == Definition == | ||
− | '''General Obligation Municipal Bond''' | + | A '''General Obligation Municipal Bond''' is a [[Municipal Bond]] that is backed by the full faith and credit and general resources of the issuing municipality, including its general taxing authority. |
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[[Category:Bonds]] | [[Category:Bonds]] | ||
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Latest revision as of 14:04, 24 April 2024
Definition
A General Obligation Municipal Bond is a Municipal Bond that is backed by the full faith and credit and general resources of the issuing municipality, including its general taxing authority.