What is another word for GENERAL OBLIGATION BOND?
Pronunciation: [d͡ʒˈɛnəɹə͡l ˌɒblɪɡˈe͡ɪʃən bˈɒnd] (IPA) 
A general obligation bond is a type of municipal bond, which is a debt security issued by a state or local government. The bond is backed by the government's ability to tax, and the proceeds are typically used to fund public infrastructure and other government projects. Synonyms for general obligation bond include G.O. bond, full faith and credit bond, and municipal bond. G.O. bond refers to the municipal bond's status as a general obligation of the issuing government, meaning that the government has pledged its full faith, credit, and taxing power to repay the bond. Full faith and credit bond and municipal bond are broader terms that refer to any kind of debt security issued by a state or local government.
