General Obligation Bond - GO

What Does General Obligation Bond - GO Mean?
A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction rather than the revenue from a given project.

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.

Filed Under: Acronyms, Bonds, Fixed Income

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American Municipal Bond Assurance Corporation
American Municipal Bond Assurance Corporation
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