Description
General Obligation Bonds are a type of Municipal Bond where principal and interest are secured by the full faith and credit of the issuer and usually supported by either the issuer's unlimited or limited taxing power. In addition, General Obligation Bonds are voter-approved.
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Benefits
Enjoy tax-advantaged income and lower investment risk when diversifying your investment portfolio.
This flexible investment is available in a variety of maturities so you can choose the time frame that works best for you.
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Features
Income from General Obligation Bonds is free from federal taxes, and in some cases, it is also free from state and local taxes.
Income from interest and repayment of principal is generally regarded with a high degree of safety.
If circumstances change, General Obligation Bonds are actively traded in the secondary market. You are not locked in until the bond's maturity.
You receive semi-annual interest payments and get their principal payment back at maturity.
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Related Products/Services
Bond Ladders
Callable Bonds
Certificate of Deposit
Corporate Bonds
Convertible Bonds
High Yield Bonds
Revenue Bonds
Treasury STRIPS
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General Obligation Bonds