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Obligation bond |
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Obligation 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.Obligation bond Similar MatchesObligationObligationA legal responsibility, such as to repay a debt. 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. General obligation bondGeneral obligation bondA municipal bond whose interest and principal payments are supported by the full faith and credit of the issuing authority. Government obligationsGovernment obligationsU.S. government-backed debt instruments, which are considered among the safest investments possible, including Treasury bonds, bills, and notes, and savings bonds. Further SuggestionsCollateralized mortgage obligation (CMO)Full faith and credit obligations Fixed dollar obligations Accumulated Benefit Obligation (ABO) Moral obligation bond |
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