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:

    “Mathematics is merely the means to a general and ultimate knowledge of man.”
    —Friedrich Nietzsche (1844–1900)

    “The only obligation to which in advance we may hold a novel, without incurring the accusation of being arbitrary, is that it be interesting.”
    —Henry James (1843–1916)