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 all have known
Good critics, who have stamped out poet’s hopes;
Good statesmen, who pulled ruin on the state;
Good patriots, who, for a theory, risked a cause;
Good kings, who disembowelled for a tax;
Good Popes, who brought all good to jeopardy;
Good Christians, who sat still in easy-chairs;
And damned the general world for standing up.—
Now, may the good God pardon all good men!”
—Elizabeth Barrett Browning (1806–1861)
“Such reproductions may not interest the reader; but after all, this is my autobiography, not his; he is under no obligation to read further in it; he was under none to begin.... A modest or inhibited autobiography is written without entertainment to the writer and read with distrust by the reader.”
—Neville Cardus (1889–1975)