General Obligation Bond - GO
Definition of 'General Obligation Bond - GO'A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction rather than the revenue from a given project. |
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Investopedia explains 'General Obligation Bond - GO'General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation through taxation or revenue from projects. No assets are used as collateral. |
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