A type of state-issued municipal bond which is backed by a moral, but not a legal, obligation.
Related information about moral obligation bond:
- Moral Obligation Bond Definition | Investopedia
A type of revenue bond issued by a municipality or similar government body. A moral obligation bond not only gives investors the tax exemption benefits ...
- moral obligation bond - Municipal Securities Rulemaking Board
MORAL OBLIGATION BOND – A bond, usually issued by a state agency or authority, that is secured by a non-binding covenant that any amount necessary to ...
- Anchor Rising: What is a "Moral Obligation Bond"?
Sep 1, 2010 ... There are, however, some rules that are supposed to be followed, regarding reserve funds to be used to pay off a moral obligation bond.
- Moral Obligation Bond - Financial Dictionary - The Free Dictionary
A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to ...
- Moral Obligation Bond: Definition from Answers.com
tax-exempt bond issued by a municipality or a state financial intermediary and backed by the moral obligation pledge of a state government.
- What is moral obligation bond? - BusinessDictionary.com
Definition of moral obligation bond: Debt obligation issued by a municipality or other governmental entity without the security of a general obligation bond.
- Why Some Moral Obligation Bonds are Like Farm - Scarsdale ...
Sep 20, 2010 ... bonds is called a moral obligation bond. This Brief Communication describes what a moral obligation bond is. It illustrates why we recommend ...
- What is moral obligation bond? - InvestorWords.com
Definition of moral obligation bond: A type of state-issued municipal bond which is backed by a moral, but not a legal, obligation.