obligation bond

基本解释

New York needs voters to approve any general-obligation bond;
紐約發行任何一般責任債券都需要全民公投；
New York needs voters to approve any general-obligation bond; so, since 2002, it has relied on bonds backed by personal income-tax revenues which don’t require that approval.
紐約發行任何一般責任債券都需要全民公投；所以自2002年以來，紐約政府已經依靠個人所得稅收入支持的債券進行了大量借貸，發行這種債券不需要公投。
So when Moody's says a collateralized debt obligation, a corporate bond and a sovereign issue are all rated AA, the implication is that the three types of bonds are equally healthy.
也就是說，儅穆迪將一種債務擔保証券、一種公司債券和一種主權債券均評爲AA級，那就意味著穆迪認爲這三種債券的信用程度是相同的。

For example, is it a general obligation bond or is it tied to a specific tax or revenue stream?
FORBES: Rewards May Exist In Muni Bonds
While they yield a little less than a state general obligation bond, they are perceived as having less volatility.
FORBES: More Colleges See Bonds Downgraded
In the General Obligation muni bond space, stick with states whose present budgets and unfunded pension liabilities appear somewhat manageable.
FORBES: Finally, An Easy Way To Get Timely Municipal Bond Data