double-barreled municipal bond

A municipal obligation that is a general obligation of the issuer and is also secured by a particular revenue source outside the general fund. Also called combination bond.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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combination bond
Double-barreled

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