Moral obligation bond

 

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Moral obligation bond

A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default .



Moral obligation bond

Similar Matches

Obligation bond

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.


General obligation bond

General obligation bond

A municipal bond whose interest and principal payments are supported by the full faith and credit of the issuing authority.


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.


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.


Government obligations

Government obligations

U.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds.


Further Suggestions

Collateralized mortgage obligation (CMO)
Fixed dollar obligations
Full faith and credit obligations
Eurodollar obligations
Obligation


 
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