Securities backed by the full faith and credit of the issuing unit of government, and secured by an unconditional pledge by the issuing government to levy unlimited ad valorem taxes to pay principal and interest. Used to finance capital projects.

bond that is secured by the full faith, credit and taxing power of an issuer.  General obligation bonds issued by local units of government are typically secured by a pledge of the issuer's ad valorem taxing power; general obligation bonds issued by states are generally based upon appropriations made by the state legislature for the purposes specified.  Ad valorem taxes necessary to pay debt service on general obligation bonds are often not subject to the constitutional property tax millage limits (an “ unlimited tax bond”), although in some cases such limit may exist (a “ limited tax general obligation bond”).  Such bonds constitute debts of the issuer and often require approval by election prior to issuance.  In the event of default, the holders of general obligation bonds have the right to compel a tax levy or legislative appropriation.  Compare:  FULL FAITH AND CREDIT BOND; LIMITED TAX BOND; MORAL OBLIGATION BOND; REVENUE BOND; SPECIAL ASSESSMENT BOND; SPECIAL OBLIGATION BOND; SPECIAL TAX BOND.  See:   LIMITED TAX GENERAL OBLIGATION Bond; UNLIMITED TAX BOND.

A municipal debt obligation on which interest and principal are guaranteed by the full financial resources and taxing power of the issuer. This broad promise makes a general obligation bond of higher quality than issues secured by a particular project or more limited guarantee. It also results in lower returns to bondholders.--Also called full-faith-and-credit bond. --See also Revenue Bond.

a type of municipal bond backed by the full faith and credit and taxing power of the issuer for payment of interest and principal.

This type of bond is backed by the full faith, credit, and taxing power of the government requires approval by referendum, in Georgia, the debt ceiling is ten percent of the assessed value of all taxable property.  The cost of financing is spread over the life of the improvement so that future users help to repay the cost.

A type of municipal bond backed by the full faith and credit of the governmental unit that issues it.

Kind of municipal bond that pays income exempt from Federal income taxes and is backed by the issuer's good faith, credit and taxing power only.

Municipal bond issued by any level of government below the federal level, backed by the full faith, credit, and taxing power of the issuer.

A bond that is backed by the full faith and credit of a governmental unit

A bond on which the issuer guarantees the repayment of principal and interest. In the case of a municipality it is a pledge of unlimited taxing power.

A type of municipal bond backed by the issuer's full faith and credit. See municipal bond.

A municipal bond secured by a governmental issuer's "full faith and credit," usually based on taxing power.

a bond secured by the pledge of the issuer's full faith and credit. For local government GO debt issues, at the time that the GO bonds are issued, the municipality puts in place a property tax levy that is sufficient to pay the principal and interest payments over the life of the GO debt being issued.

A municipal bond backed by the full faith, credit, and "taxing power" of the issuing unit rather than the revenue from a given project.

A debt instrument of a municipality which is secured by the issuer's unlimited taxing power.

A municipal bond secured by the taxing power of the issuer. It is also known as a full faith and credit bond since it is secured by the full faith, credit, and taxing power of the issuer.

A bond secured by the full faith and credit of an issuer with taxing power.

Public hospital districts may issue voter or non-voter approved bonds to acquire or construct a hospital or “other health care facility” as defined in the Revised Code of Washington. General Obligation Bonds are commonly referred to as G.O. Bonds.

also known as a GO. A GO is a municipal bond that is backed by the taxing power of a municipality.

A municipal bond whose issuer's ability to pay back principal and interest is based on its full taxing power.

A municipal bond that is backed by the full faith and credit of the issuer. These bonds are of higher quality than bonds issued for specific projects but also provide lower returns.

A bond whose repayment is guaranteed by pledging all the assets and revenues of a government agency.

A bond secured by the pledge of the issuer's full faith, credit, and taxing power.

A municipal bond which is backed by the full faith and credit of a municipality. It includes the authority to raise taxes and/or borrow to pay back interest and principal. See Bond.

A tax-exempt bond whose pledge is the issuer's good faith, credit, and full taxing power.

A bond that is repaid out of the general assets of the State.

Commonly abbreviated as "GO" bond, it is a municipal bond secured by the "full faith and credit" (taxing and borrowing power of the issuer) of the municipality. In comparison to revenue bonds that are repaid from a specific facility (i.e., a sewer system) built with the borrowed funds, a GO bond is repaid with general revenue and borrowings. See: Full Faith And Credit; Municipal Bond

A federal tax-exempt bond backed by the "full faith, credit and taxing power" of the issuing municipality.

A bond secured by a pledge of the issuer's taxing powers (limited or unlimited). More commonly the general obligation bonds of local governments are paid from property taxes and other general revenues. Considered the most secure of all municipal debt.

A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government's pledge to use legally available resources, including tax revenues, to repay bond holders.