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Obligation |
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ObligationA legal responsibility, such as to repay a debt.Obligation Similar MatchesFull 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. 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 . Fixed dollar obligationsFixed dollar obligationsConventional bonds for which the coupon rate is set at a fixed percentage of the par value. 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. 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. Further SuggestionsAccumulated Benefit Obligation (ABO)general obligation bond Eurodollar obligations Obligation bond Collateralized mortgage obligation (CMO) |
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