Moral Obligation Bond
外汇网2021-06-19 20:55:05
105
A type of revenue bond issued by a municipality or similar government body. A moral obligation bond not only gives investors the tax exemption benefits inherent in a municipal bond, but also provides an additional moral pledge of commitment against default. The issuing body's commitment is supported by a reserve fund established to meet any debt service costs the government may be unable to make.
|||It is important to note that with a moral obligation bond, the additional security provided by the government is only morally - and not legally - binding. However, the pledge is generally regarded as being as credible as a legally binding promise because the issuing government would face negative credit rating effects if it failed to honor the pledge.
标签：
随机快审展示
推荐文章
- 黑马在线:均线实战利器 8751 阅读
- 短线交易技术:外汇短线博弈精讲 4078 阅读
- MACD震荡指标入门与技巧 4211 阅读
- 黄金操盘高手实战交易技巧 4560 阅读
- 做精一张图 3313 阅读
热门文章
- 港币符号与美元符号的区别是什么啊？ 25121 阅读
- 我国各大银行汇率为什么不一样啊？ 15250 阅读
- 越南盾对人民币怎么算的？越南盾对人民币汇率换算方法是什么 10327 阅读
- 百利好环球欺诈，不给出金，无法联系。 9842 阅读
- 黑马在线:均线实战利器 8751 阅读