general obligation bond (GO)
A general obligation bond is debt issued by the municipality, and is backed by the credit of the issuing party. They are trusted under the assumption the municipality will be able to repay through taxation.
- Part of Speech: noun
- Industry/Domain: Financial services
- Category: Stocks & securities
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- Timmwilson
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(Bronze) 187 points - 100% positive feedback
(Beijing, China)
