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Obligation Bond
(redirected from Obligation Bonds)

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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.
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Byline: The Register-Guard For decades, it was assumed that the state Constitution gave the Oregon University System and community colleges the authority to use general obligation bonds to purchase existing buildings.
Cut higher ed bond costs by The Register-Guard (Eugene, OR)
4 million refunded general obligation bonds of New York City, NY 'AAA'.
New York City $401.4 Million General Obligations Rated 'AAA' by Fitch ... by PR Newswire
at district headquarters, 21515 Redview Drive, Superintendent Bob Lee will outline the ramifications of both types of fund-raising methods: the issuance of general obligation bonds or the establishment of a community facilities district.
HART BOARD WEIGHING BONDS; FLEXIBLE TAX OPTIONS UNDER CONSIDERATION by Daily News (Los Angeles, CA)
 
 
 
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