general-obligation bond

[ jen-er-uh l-ob-li-gey-shuh n ]
/ ˈdʒɛn ər əlˌɒb lɪˈgeɪ ʃən /

noun

a bond issued by a state or city and backed by general tax revenue and the issuer's credit.

Nearby words

  1. general strike,
  2. general synod,
  3. general theory of relativity,
  4. general will,
  5. general-adaptation syndrome,
  6. general-purpose,
  7. generalcy,
  8. generalisation,
  9. generalise,
  10. generalissimo

Compare revenue bond.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019