Definitions for "General Obligation Bonds"
State or municipal bonds that are backed by the full faith and credit of the issuer.
Bonds that the state stands behind with its taxing powers. (House Fiscal Analysis Department)
The interest and principal payments for a municipal bond are typically either guaranteed by the issuer or by the revenue from a specific project. If they are guaranteed by a specific project, the bondholder is relying on revenue from the project to pay principal and interest, and the bonds are known as revenue bonds. If the issuer guarantees the repayment of principal and interest, the bonds are known as a general obligation (often referred to as G.O.) of the issuer.
Keywords:  partner
General Partner