Sentences with phrase «moral obligation bond»
The debt was structured as a moral obligation bond in which the state promises to pay back the principal plus interest, but is not legally required to do so.
https://www.breakingviews.com/ Not exact matches
Thirty - four states have conduit bond - issuing agencies, but only a few have made the state's credit (either general obligation or moral obligation) available to charters.
you could end up with two orders to buy your bonds, and you would have a moral obligation to meet both orders, even if that was against your interests.
Examples of tax - backed bonds include moral obligations and appropriation - backed bonds.