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
Medicaid Managed Care Leaves $1 Billion Hole in California Budget13 hours ago
Pension Cuts Win Federal Court Support in Chattanooga5 days ago
California Pension System Paid Billions in Private Equity Bonuses6 days ago
3 Things the New Tax Incentive Disclosures Rule Won't Reveal6 days ago
Planned Parenthood Adds Texas to List of States It's Suing6 days ago
Without a Budget, Pennsylvanians May Not Have Much to Be Thankful for This Year6 days ago