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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 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. Eurodollar obligationsEurodollar obligationsCertificates of deposit issued in US dollars by foreign banks and foreign branches of US banks. Moral obligation bondMoral 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 . 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. ObligationObligationA legal responsibility, such as to repay a debt. Further SuggestionsCollateralized Bond Obligation (CBO)Accumulated Benefit Obligation (ABO) Fixed dollar obligations Collateralized mortgage obligation (CMO) general obligation bond |
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