General Obligation and Moral Obligation Bonds

This branch groups public-issuer pledge terms where repayment depends on taxing power, appropriation, or moral obligation support.

In this section

• General Obligation Bond: Unconditional Government-Backed Security
  A General Obligation Bond is a municipal bond backed by the credit and taxing power of the issuing jurisdiction rather than the revenue from a given project.
• Moral Obligation Bond: Understanding Municipal and State Financial Intermediary Backing
  A moral obligation bond is a tax-exempt bond issued by a municipality or a state financial intermediary and backed by the moral obligation pledge of a state government. While the state's pledge is not legally binding, it carries significant weight.
• Unlimited Tax Bond: Definition, Mechanism, and Importance
  An in-depth look at Unlimited Tax Bonds, including their definition,