Obligation bonds are a type of financial instrument that is issued by a government or organization to raise money for specific projects or purposes. These bonds are considered a form of debt, as the issuer is obligated to repay the bondholders with interest over a specified period of time. The money raised from these bonds is typically used to fund large-scale public projects like building infrastructure, schools, or hospitals.
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«obligation»
«bonds»
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Phrases with «obligation bonds»
Sentences with «obligation bonds»
- 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)
- General obligation bonds issued by local units of government are secured by a pledge of the issuer's property taxing power and must be authorized by the electorate. (ahpd.org)
- 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. (breakingviews.com)
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