Unlimited Tax Bond

Unlimited Tax Bond
A municipal bond that is backed by the pledge of the issuer (generally a city or municipality) to raise taxes, without limit, to service the debt until it is repaid. Because of this feature, unlimited tax bonds may have higher credit ratings and offer lower yields than other comparable municipal bonds of the same maturity.

While the issuer of unlimited tax bonds in theory can raise taxes at an unlimited rate, in practice it may be difficult to raise taxes beyond a certain point. One of the factors that credit analysts use to rate such bonds is the ability of the issuer to enforce penalties against and recover taxes from delinquent taxpayers.


Investment dictionary. . 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • unlimited tax bond — A municipal bond secured by the pledge to levy taxes until full repayment at an unlimited rate. Bloomberg Financial Dictionary …   Financial and business terms

  • unlimited tax bond —   obbligazione a garanzia fiscale illimitata   Titolo emesso dalle autorità locali degli Stati Uniti il cui rimborso è garantito dalle tasse locali. Nel caso in cui i fondi destinati al rimborso non fossero sufficienti, l autorità ha il dovere di …   Glossario di economia e finanza

  • General obligation bond — A general obligation bond is a common type of municipal bond in the United States that is secured by a state or local government s pledge to use legally available resources, including tax revenues, to repay bond holders.Most general obligation… …   Wikipedia

  • Municipal bond — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond …   Wikipedia

  • James Bond (film series) — The James Bond film series are spy films inspired by Ian Fleming s novels about the fictional MI6 agent Commander James Bond (codename 007). EON Productions have produced twenty one films between 1962 and 2006, and another film is planned for… …   Wikipedia

  • ОБЛИГАЦИЯ — BONDПроцентный долговой сертификат, один из серии составляющих ссуду правительству или деловой корпорации или офиц. обещание заемщика выплатить кредитору определенную сумму денег в указанную будущую дату с гарантией или без нее и подписанное и… …   Энциклопедия банковского дела и финансов

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • Lynx Rapid Transit Services — Info …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”