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 City as Consultant1 day ago
How Bloomberg’s Still Changing the Way Cities Operate1 day ago
New York Budget Deal Includes Ethics Reforms11 hours ago
Districts Try to Block Kansas' School Funding Law11 hours ago
The Week in Public Finance: Taxes, Drought and a Nod to the Baha Men3 days ago
States Trying to Figure Out Whether Entertainment Tax Credits Really Work3 days ago