|
|
General obligation bond |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
General obligation bondA municipal bond whose interest and principal payments are supported by the full faith and credit of the issuing authority.Similar MatchesFull faith and credit obligationsFull faith and credit obligationsThe security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources. Collateralized Bond Obligation (CBO)Collateralized Bond Obligation (CBO)Investment-grade bonds backed by a collection of junk bonds with different levels of risk, called tiers, that are determined by the quality of junk bond involved. CBOs backed by highly risky junk bonds receive higher interest rates than other CBOs. ObligationObligationA legal responsibility, such as to repay a debt. Obligation bondObligation bondA 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. Accumulated Benefit Obligation (ABO)Accumulated Benefit Obligation (ABO)An approximate measure of the liability of a pension plan in the event of a termination at the date the calculation is performed. Related: Projected benefit obligation. Further SuggestionsEurodollar obligationsMoral obligation bond Government obligations Collateralized mortgage obligation (CMO) Fixed dollar obligations |
|
|
|