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Moral obligation bond |
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Moral obligation bondA 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 MatchesGovernment obligationsGovernment obligationsU.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds. Full 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. Eurodollar obligationsEurodollar obligationsCertificates of deposit issued in US dollars by foreign banks and foreign branches of US banks. 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. Further Suggestionsgeneral obligation bondCollateralized mortgage obligation (CMO) Obligation Accumulated Benefit Obligation (ABO) Fixed dollar obligations |
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