General Obligation Bond
A municipal bond not secured by any assets; instead it is backed by the issuer's power to tax residents to pay bondholders.
Source: http://investor.gov/glossary/glossary_terms/general-obligation-bond#.Us3BGGRDuEg
A municipal bond not secured by any assets; instead it is backed by the issuer's power to tax residents to pay bondholders.
Source: http://investor.gov/glossary/glossary_terms/general-obligation-bond#.Us3BGGRDuEg