|
||||||||
|
|
||||||||
Tax-Backed Bond
A broad category of bonds that are secured by
taxes levied by the obligor. The taxes are not necessarily unlimited as to
rate or amount, so while all general obligation bonds are tax backed, not
all tax-backed bonds are general obligations. Examples of tax-backed bonds
include moral obligations and appropriation-backed bonds. This category is
also known as tax-supported. |
|
|
||||||
|
||||||||
|
||||||||