Difference between a general obligation and revenue bond

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Reference no: EM131462025

The difference between a general obligation and a revenue bond is:

A general obligation bond is backed by the full faith, credit and “taxing power” of the government unit

For a revenue bond, the repayment of the issue is fully dependent on the revenue-generating capability of a specific project or venture

General obligation bonds are usually of high quality because of the taxing power behind most of them

All of the above

Reference no: EM131462025

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