Obligation bond

 

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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.



Obligation bond

Similar Matches

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.


Eurodollar obligations

Eurodollar obligations

Certificates of deposit issued in US dollars by foreign banks and foreign branches of US banks.


Moral obligation bond

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 .


Full faith and credit obligations

Full faith and credit obligations

The security pledges for larger municipal bond issuers, such as states and large cities that have diverse funding sources.


Obligation

Obligation

A legal responsibility, such as to repay a debt.


Further Suggestions

Collateralized Bond Obligation (CBO)
Accumulated Benefit Obligation (ABO)
Fixed dollar obligations
Collateralized mortgage obligation (CMO)
general obligation bond


 
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