What Is the Difference Between General Obligation and Revenue Bonds

question 27

Essay

What is the difference between General Obligation and Revenue bonds?
G.O.s are backed by the full revenue stream of the municipality (often called the General Fund). They typically require voter approval. Revenue bonds are backed by a specific project's revenues, but not the general tax revenues of the municipality. Revenue bonds are thus riskier than
G.O.s.

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Definitions:

Learning Disabilities

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math, and can also affect higher-level skills including organization, time planning, and abstract reasoning.

Autism Spectrum Disorders

A range of neurodevelopmental disorders characterized by deficits in social interaction and communication, and by restricted, repetitive patterns of behavior, interests, or activities.

Overregularization

Overregularization is a phenomenon in language development where children apply basic grammatical rules too widely, leading to errors such as "goed" for "went" or "foots" for "feet".

Verb Tenses

Verb tenses are grammatical categories that express the time at which an action occurs, including past, present, and future.