Moral Obligation

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August 25, 2024 4 min read Definitions
Moral Obligation Bond: Understanding Municipal and State Financial Intermediary Backing
Finance Investment Bonds Municipal Bonds Tax-Exempt Bonds State Government Moral Obligation
A moral obligation bond is a tax-exempt bond issued by a municipality or a state financial intermediary and backed by the moral obligation pledge of a state government. While the state's pledge is not legally binding, it carries significant weight.
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