General Obligation Bond
The gold standard of bonds, these are issued directly by state or local governments or their agencies to meet essential government functions (e.g. infrastructure funding). These bonds are backed by the full faith and taxing power of the issuing government and, as such, are considered the bonds least likely to be subject to a default. A government’s credit rating usually refers to its GO bond rating.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
LATEST FINANCE HEADLINES
The Week in Public Finance: Traffic Cam Drama, Retiree Healthcare and Another D.C. Shoutout1 day ago
If Low Oil Prices Persist, North Dakota Could Lose Billions2 days ago
The 2014 Takeaways from State and Local Finance2 days ago
Vermont Drops Plan to Become First State with Single-Payer Health Care3 days ago
Washington Governor Proposes Cap-and-Trade System to Fund Transportation3 days ago
Even with Stock Market's Rise, Many Pensions Haven't Recovered from Recession4 days ago