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:
“The general review of the past tends to satisfy me with my political life. No man, I suppose, ever came up to his ideal. The first half [of] my political life was first to resist the increase of slavery and secondly to destroy it.... The second half of my political life has been to rebuild, and to get rid of the despotic and corrupting tendencies and the animosities of the war, and other legacies of slavery.”
—Rutherford Birchard Hayes (1822–1893)
“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)