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Obligation Bond

Obligation Bond

What is 'Obligation Bond'

A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the value of the property itself.

Explaining 'Obligation Bond'

An obligation bond creates a personal obligation on the part of the borrower to compensate the lender for costs in excess of the value of the mortgaged property or assets, such as closing costs or transaction costs.


Further Reading

Comparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bondsComparative costs of negotiated versus competitive bond sales: new evidence from state general obligation bonds
www.sciencedirect.com [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Tax increment financing, economic development professionals and the financialization of urban politicsTax increment financing, economic development professionals and the financialization of urban politics
academic.oup.com [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Financial reporting and municipal bond rating changesFinancial reporting and municipal bond rating changes
www.jstor.org [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

The economics of structured financeThe economics of structured finance
www.aeaweb.org [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Rank order analysis of state general obligation bond ratingsRank order analysis of state general obligation bond ratings
link.springer.com [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Financial disclosure and bond insuranceFinancial disclosure and bond insurance
www.journals.uchicago.edu [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Risk premia and the pricing of primary issue bondsRisk premia and the pricing of primary issue bonds
www.sciencedirect.com [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

The information content of municipal bond rating changes: A noteThe information content of municipal bond rating changes: A note
www.jstor.org [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …

Default risk cannot explain the muni puzzle: Evidence from municipal bonds that are secured by US Treasury obligationsDefault risk cannot explain the muni puzzle: Evidence from municipal bonds that are secured by US Treasury obligations
academic.oup.com [PDF]
Financial assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future …


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WCAG 2.0

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