A general obligation is a legal pledge in United States municipal finance, in which an entity pledges its full faith and credit to repay its debt, typically a general obligation bond.
Famous quotes containing the words general and/or obligation:
“In former times and in less complex societies, children could find their way into the adult world by watching workers and perhaps giving them a hand; by lingering at the general store long enough to chat with, and overhear conversations of, adults...; by sharing and participating in the tasks of family and community that were necessary to survival. They were in, and of, the adult world while yet sensing themselves apart as children.”
—Dorothy H. Cohen (20th century)
“So what if people say terrible things? Whatever they call me, I say, “Yes, and my name is Mary.” I refuse to be afraid. And I do this out of an obligation not to the community but to myself. Nobody should have a say in who I am.”
—Mary Hansen (b. c. 1975)