obligation bond

基本解释

New York needs voters to approve any general-obligation bond;
纽约发行任何一般责任债券都需要全民公投；
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.
纽约发行任何一般责任债券都需要全民公投；所以自2002年以来，纽约政府已经依靠个人所得税收入支持的债券进行了大量借贷，发行这种债券不需要公投。
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.
也就是说，当穆迪将一种债务担保证券、一种公司债券和一种主权债券均评为AA级，那就意味着穆迪认为这三种债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