Series 7: 3.2.1.3 Limited-Tax General Obligation Bonds

Taken from our Series 7 Top-off Online Guide

3.2.1.3  Limited-Tax General Obligation Bonds

General obligation bonds are often unlimited-tax bonds, meaning the issuer has no legal limitation on its power to tax. If a state or local government needs more money to make payments on its bonds, it can raise taxes in sufficient amounts to get it. Some government entities, however, pa

Since you're reading about Series 7: 3.2.1.3 Limited-Tax General Obligation Bonds, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 7
Please Enable Javascript
to view this content!