General Obligation Bond


General Obligation Bond
(GO BOND)
 A municipal bond (tax-free for federal income) that is backed by the municipality issuing it. GO bonds are considered less risky than revenue bonds, which are issued by municipalities, tax-free, but are backed only by the revenue from the investment made with the funds from the sale of the bonds.

American business jargon. 2014.

Look at other dictionaries:

  • 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

  • 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

  • general-obligation bond — /jen euhr euhl ob li gay sheuhn/ a bond issued by a state or city and backed by general tax revenue and the issuer s credit. Cf. revenue bond. * * * …   Universalium

  • general obligation bond — /ˌdʒen(ə)rəl ɒblɪ eɪʃ(ə)n bɒnd/ noun US a municipal or state bond issued to finance public undertakings such as roads, but which is repaid out of general funds. Abbreviation GO bond …   Dictionary of banking and finance

  • general-obligation bond — /jen euhr euhl ob li gay sheuhn/ a bond issued by a state or city and backed by general tax revenue and the issuer s credit. Cf. revenue bond …   Useful english dictionary

  • general obligation bond — noun : a municipal bond of which payment of interest and principal is backed by the taxing power and credit of the issuing governmental unit …   Useful english dictionary

  • general obligation bond — In the USA, a security in which the government department with the authority to levy taxes has unconditionally promised payment …   Accounting dictionary

  • general obligation bond — In the USA, a security in which the municipal department with the authority to levy taxes has unconditionally promised payment …   Big dictionary of business and management

  • 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