Meaning OBLIGATION BOND: A municipal bond with a face value greater than the value of the underlying property. The difference is designed to compensate the lender for costs exceeding the mortgage value
More terms such as Obligation bond in Dictionary O.
- Definition Odd-Lot Dealer:
- Examples A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots obligation bond definition.
- Definition Overreaction Hypothesis:
- Examples The supposition that investors overreact to unanticipated news, resulting in exaggerated movements in stock prices followed by corrections obligation bond explain.
- Definition Option Mutual Fund:
- Examples A mutual fund that buys and sells options for aggressive or conservative investment obligation bond what is.
- Definition Open Account:
- Examples Arrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger obligation bond meaning.
- Definition Options Contract:
- Examples exchange for the option price, gives the option buyer the right, but not the obligation, to buy (or sell) a financial asset at the exercise price from (or to) the option seller within a specified obligation bond abbreviation.
