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a municipal bond that is issued when a state or local government wants to raise money for a project *investors are guaranteed to be repaid using future tax revenues* T/F: General obligation bonds are backed by the full faith and credit of the issuer.
5 dni temu · General obligation (GO) bonds are for community-wide capital improvements. Revenue bonds finance self-supporting municipal facilities like utilities, housing, transportation, education, and health. Revenue bonds are not subject to statutory debt limits and do not require voter approval.
Study with Quizlet and memorize flashcards containing terms like attributes that we believe make the municipal bond market a standout among other large fixed income markets, what are municipal bonds?, what type of security is a muni? and more.
17 sie 2020 · A general obligation bond (GO bond) is a municipal bond backed solely by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project. General...
23 maj 2024 · A municipal bond is a debt obligation issued by a nonprofit organization, a private-sector corporation, or another public entity using the loan for public projects, such as constructing...
General obligation bonds are issued by states, cities or counties and not secured by any assets. Instead, general obligation are backed by the “full faith and credit” of the issuer, which has the power to tax residents to pay bondholders.
Understanding municipal bonds, comparing general obligation bonds to revenue bonds, other types of munis, recognizing sources of muni information
