Asset Classes

General Obligation Bond

Acronym
GO
Plural Name
General Obligation Bons
Parent Asset Class

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

  • 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