Definitions for "General Obligation Bond"
A municipal bond secured by the taxing and borrowing power of the municipality issuing it.
A municipal bond that is backed by the full faith and credit of the issuing authority, rather than by the revenue from a specific project.
(G-O Bond) State or municipal bonds in the United States that are approved by voters and backed by the full faith, credit and taxing power of the issuer. These bonds are usually issued to finance public projects such as road construction and schools.
a debt instrument issued for the acquisition of a capital project