Municipality bond that, like a general obligation bond, is backed by the full faith of the government issuer but, unlike an unlimited tax bond, is secured only by a certain percentage of revenue from a specific tax or group of taxes.
Related information about limited tax bond:
- What is limited tax bond? definition and meaning - InvestorWords.com
Definition of limited tax bond: Municipality bond that, like a general obligation bond, is backed by the full faith of the government issuer but, unlike an unlimited ...
- Limited-Tax General Obligation Bond financial definition of Limited ...
Secondly, because it is a limited-tax bond, its provisions place a maximum possible tax increase that the municipality can levy if its other revenues come up short ...
- Limited Tax Bond: Definition from Answers.com
Municipal Bond backed by the full faith of the issuing government but not by its full taxing power; rather it is secured by the pledge of a special tax.
- limited tax bond - Municipal Securities Rulemaking Board
LIMITED TAX BOND – A bond secured by the pledge of a specified tax or category of taxes. Compare: GENERAL OBLIGATION BOND; LIMITED TAX GENERAL ...
- What is limited tax bond? - BusinessDictionary.com
Definition of limited tax bond: A municipal bond that is backed by a specific tax.
- Municipal Bonds Glossary
Limited tax bond. A bond secured by a pledge of a tax or category of taxes limited as to rate or amount. Marketability. A measure of the ease with which a security ...
- eMuni Glossary of Municipal Bond Terms
A claim on revenues, assessments or taxes made for a specific issue of bonds. Limited Tax Bond. A bond secured by a pledge of a tax that is limited as to rate or ...
- Municipal Securities Introduction - Upstart Raising
A limited tax bond is a general obligation bond backed by the pledge of a specific tax (generally property tax) or category of taxes which is limited in rate or ...