General Obligation

A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.

Famous quotes containing the words general and/or obligation:

    “We raised a simple prayer
    Before we left the spot,
    That in the general mowing
    That place might be forgot;
    Or if not all so favored,
    Obtain such grace of hours
    That none should mow the grass there
    While so confused with flowers.”
    —Robert Frost (1874–1963)

    “So what if people say terrible things? Whatever they call me, I say, “Yes, and my name is Mary.” I refuse to be afraid. And I do this out of an obligation not to the community but to myself. Nobody should have a say in who I am.”
    —Mary Hansen (b. c. 1975)