Asset Classes

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  5. General Obligation Bond

General Obligation Bond

Acronym
GO
Plural Name
General Obligation Bons
Parent Asset Class
Municipal Bond

A general Obligation Bond is a municipal bond that is backed by the general creditworthiness and taxation power of the issuing municipality.

Asset Classes

Fixed Income

  • General obligation bonds are not backed up by the assets or revenue of a defined project
  • General obligation bonds assume that a municipality will be able to raise enough taxes to cover expenses and bond payments

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