The phrase
"general obligation" refers to a promise that someone or an organization has to fulfill certain responsibilities or duties that apply to everyone in a general sense. It means that they are obligated or required to do something for the benefit or well-being of the majority or all individuals involved.
Full definition
Similar and related words and phrases are presented below.
«general»
«obligation»
Related phrases
Phrases with «general obligation»
Sentences with «general obligation»
- The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said. (articles.chicagotribune.com)
- Part 2 of the Code contains general obligations on port terminal service providers to deal in good faith and publish certain information including a daily loading statement. (accc.gov.au)
- If approved, Measure H would authorize the school district to increase its debt by $ 270 million through issuing general obligation bonds in that amount. (ccsaadvocates.org)
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