General Obligation (“GO”) Bond

Bonds issued by a governmental entity as the Issuer and are typically secured by the full faith and credit and general taxing power of the Issuer.  In some jurisdictions, a governmental entity is restricted, or debt limitations are imposed, by state or local statutes, the state constitution, local charters or similar laws or regulations.

There are three primary categories of General Obligation Bonds:

All the Bonds

Learn more about the various types of municipal obligations you may encounter.


  • Reports and Resources

General Obligation Bonds: State Law, Bankruptcy and Disclosure Considerations

Paper providing a background about, and a basic framework for analyzing, general obligation bonds.

See Also


Evidence of the borrowing by an issuer and a debt instrument for tax purposes.


Compulsory charges levied by a governmental unit for the purpose of raising revenue. 

Hudson Yards Rail Yards

Start with the Bond Basics

Term of the Week

Loan Agreement

In a private placement, the agreement between the issuer and a lender (e.g., a bank) pertaining to the loan of the bond proceeds to the issuer. In conduit financings, the agreement between the borrower  and the issuer pertaining to the loan of the bond proceeds to the borrower.