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Secured Lease Obligation Bond

A debt security that is secured by a lease on an asset. That is, the revenue the issuer obtains from the lease guarantees payment on the bond. It is important to note that only the lease (or a lease coupled with a lien on the asset) secures the bond. This is a common financing tool for electric companies building power stations.

SLOB

References in periodicals archive ?
Slobbishness is the path to true love, according to new research.
But they also know where to draw the line and Sunday is their one concession to slobbishness.