General obligation means securities to the payment of debt charges on which the full faith and credit and the general property taxing power, including taxes within the tax limitation if available to the subdivision, of the subdivision are pledged.
General obligation means a bond, note, debenture,
General obligation means general obligation bonds or any other lawful general obligation of a public body constituting a debt or indebtedness of such public body.
Examples of General obligation in a sentence
General obligation municipal bonds, transactions in Employee Stock Ownership Programs ("ESOPs), and Share Builder and similar services; and - Securities received via a gift or inheritance.
General obligation bonds are typically secured by the issuer's pledge of faith, credit and taxing power for the repayment of principal and the payment of interest.
General obligation bonds are backed by the taxing power of the issuing municipality.
General obligation bonds are backed by the taxing power of the issuing municipality and are considered the safest type of municipal obligation.
General obligation bonds are backed by the full faith and credit, or taxing authority, of the issuer and may be repaid from any revenue source.
More Definitions of General obligation
General obligation means obligations of the State of Oklahoma or a political subdivision of this state and of any other state or political subdivision thereof supported by the full faith and credit of the obligor. It includes all obligations payable from a special fund when the full faith and credit of a state or any political subdivision of a state is obligated for payment into the fund of amounts which will be sufficient to provide for all required payments in connection with the obligation. It implies an obligor possessing resources sufficient to justify faith and credit;
General obligation means an obligation issued by a municipality and secured by the full faith and credit and taxing power of such municipality including any contingent obligation which is payable from the general fund and is subject to annual appropriation.
General obligation means a bond, note, debenture, security, or other instrument evidencing an obligation of the government entity that is the issuer that is supported by the full available resources of the issuer, the principal and interest of which is payable in whole or in part by taxation.
General obligation means an obligation issued by a municipality and secured by the full faith and credit and taxing power of such municipality;
General obligation means a pledge by the applicant’s voters of the full faith and credit and unlimited taxing ability to secure a loan. The applicant must have the ability to levy and increase property taxes for payment of debt obliga- tions.
General obligation. Each Party (other than NGC and its subsidiaries) (the "Obligor") hereby undertakes with each other Party (including NGC and its subsidiaries) that it shall preserve the confidentiality of, and not directly or indirectly reveal, report, publish, disclose or transfer or use for its own purposes Confidential Information except:-
General obligation means obligations of the State of Oklahoma or a political subdivision of this state and of any other state or political subdivision thereof supported by the full faith and credit of the obligor. It includes all obligations payable from a special fund when the full faith and credit of a state or any