General obligation bonds (general obligation bonds) Overview of general obligation bonds General obligation bonds by state, city, county or town government issues, the tax capacity of the issuer as a guarantee of a local government bonds. Treasury bond credit after this, safe and strong, the financing of the funds are often used for the construction of highways, airports, parks and other municipal facilities. Origin of general obligation bonds so the United States, is a kind of local bonds by state, city, town or county government issued tax capacity of the issuer as a guarantee, especially in its most unrestricted ability to guarantee a tax government bonds. The repayment of general obligation bonds rarely default, investors can obtain timely recovery of principal and interest. Issue such bonds for the financing of the funds are often built highways, airports, parks and municipal facilities. Bonds issued by the Olympic Games in China, in essence a general responsibility for municipal bonds. The type of general obligation bonds In the United States, in general, state than the city, town and county taxes have a greater capacity, the state is usually a sales tax, gasoline tax or road use tax and personal, corporate income tax as a bond guarantee. City, town, county and other local government taxation capacity is not big state, so usually issue bonds as a guarantee of property taxes. General obligation bonds include the following: 1, limited tax bonds The issuer can only tax law that limited the ability to issue bonds as a guarantee, and some have even been provided the kind of bonds can only property tax revenue as a guarantee. 2, unlimited tax bonds Issuers can use their full capacity as a taxable bond guarantee. Therefore, comparison of the kinds of bonds, principal and interest payments have more assurance, safety. 3, a special tax bonds Issuer to the implementation of the project to the beneficiaries of their tax levied as a bond guarantee. For example, the local government areas in one place with the issuance of revenue bonds to build a highway, then any person using the highway are the beneficiaries of the project, had to pay a particular beneficiary of this fee, the benefit cost to become the bond debt service guarantee.
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Overview of general obligation bonds
一般责任债券概述
一般责任债券概述
一般责任债券概述
General obligation bonds by state, city, county or town government issues, the tax capacity of the issuer as a guarantee of a local government bonds. Treasury bond credit after this, safe and strong, the financing of the funds are often used for the construction of highways, airports, parks and other municipal facilities. Origin of general obligation bonds so the United States, is a kind of local bonds by state, city, town or county government issued tax capacity of the issuer as a guarantee, especially in its most unrestricted ability to guarantee a tax government bonds. The repayment of general obligation bonds rarely default, investors can obtain timely recovery of principal and interest. Issue such bonds for the financing of the funds are often built highways, airports, parks and municipal facilities. Bonds issued by the Olympic Games in China, in essence a general responsibility for municipal bonds.
Translated by Google
The type of general obligation bonds
In the United States, in general, state than the city, town and county taxes have a greater capacity, the state is usually a sales tax, gasoline tax or road use tax and personal, corporate income tax as a bond guarantee. City, town, county and other local government taxation capacity is not big state, so usually issue bonds as a guarantee of property taxes. General obligation bonds include the following: 1, limited tax bonds The issuer can only tax law that limited the ability to issue bonds as a guarantee, and some have even been provided the kind of bonds can only property tax revenue as a guarantee. 2, unlimited tax bonds Issuers can use their full capacity as a taxable bond guarantee. Therefore, comparison of the kinds of bonds, principal and interest payments have more assurance, safety. 3, a special tax bonds Issuer to the implementation of the project to the beneficiaries of their tax levied as a bond guarantee. For example, the local government areas in one place with the issuance of revenue bonds to build a highway, then any person using the highway are the beneficiaries of the project, had to pay a particular beneficiary of this fee, the benefit cost to become the bond debt service guarantee.
