| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,770,269,417 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Obligation Bond |
0.01 sec. |
|
Obligation bond A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value. Obligation Bond In the United States, a municipal bond in which the face value is greater than the value of the property or project securing it. An obligation bond requires the issuing municipality to pledge its revenue to finish paying the bond. These bonds are intentionally designed this way and are used to compensate bondholders for any costs they incur that exceed the value of the project or purchase the bond is intended to finance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| Financial browser | ? | ? Full browser | |||
|---|---|---|---|---|---|
OARS OAS Oath of Inspectors OB Objective (mutual funds) Objective probability Obligation Obligation Bond obligee obligor Observational Noise obsolescence OC12 OC3 OC48 |
| ||||
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|