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3 Cards in this Set
- Front
- Back
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GENERAL OBLIGATION BONDS |
A municipal bond that is secured by full faith, credit, and taxing of the issuer. |
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REVENUE BOND |
A municipal bond that is issued for either projects or enterprise financing in which a bond issuer pledges to bondholders the revenues generated by the financed projects. |
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SPECIAL TAX BOND |
A municipal bond backed by special taxes (tobacco, gasoline, hotel/motel) for a specific project or purpose – not by ad valorem taxes. |
