general 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。

For example, is it a general obligation bond or is it tied to a specific tax or revenue stream?
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While they yield a little less than a state general obligation bond, they are perceived as having less volatility.
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In the General Obligation muni bond space, stick with states whose present budgets and unfunded pension liabilities appear somewhat manageable.
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