General Obligation Bond is a municipal bond that is backed by the taxing power of the state or municipality.
General Obligation Bond or GO is a bond that is back by the tax revenue of the state or municipality. At the state level a general obligation bond is backed by revenue generated by income taxes and sales taxes. At the local level municipal GO bonds are backed by revenue generated by property taxes.
2024 © Securities Institute, All Rights Reserved.
Privacy Policy | Terms of Service.
