Mortgage bond whose face value exceeds the value of the underlying property, and for which a personal obligation is created to compensate the lender for any costs that may exceed the value of the mortgage.
Related information about obligation bond:
- General obligation bond - Wikipedia, the free encyclopedia
A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally ...
- Obligation Bond Definition | Investopedia
A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of ...
- General Obligation Bond (GO) Definition | Investopedia
A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction rather than the revenue from a given project.
- Obligation Bond - Financial Dictionary - The Free Dictionary
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 ...
- General Obligation Bonds
1, Introduction. 2, What Are General Obligation Bonds? 3, General Obligation Bond Payments. 4, Advantages and Disadvantages of General Obligation Bonds ...
- Bond Buyer US Weekly Yields 20 General Obligation Bond Analysis ...
Analysis & trends for Bond Buyer US Weekly Yields 20 General Obligation Bond ( BBWK20GO) including current rate, chart, profile, news and other data.
- 30 ILCS 330/ General Obligation Bond Act.
28, 1988, contained provisions amending or creating Sections 2, 3, 16, and 20 of the General Obligation Bond Act, Section 5.242 of the State Finance Act, and ...
- What is general obligation bond? definition and meaning
Definition of general obligation bond: Government bond issued with the government's commitment to use its full taxing and borrowing authority (and other ...