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