Double Barreled

Double Barreled
A municipal general obligation bond in which the cash flows are pledged by two distinct and different entities. One entity will make interest payments, and the other, the principal payments. These are municipal general obligation (GO) bonds as opposed to revenue bonds because they are ultimately backed by the issuer and its taxing power.

Double-barreled bonds are sometimes referred to as "combination bonds".

These bonds, as specified by their trust indenture, are municipal general obligation bond issues. For example, assume a local city issues a double-barreled muni bond to raise funds for a new toll road bypass. In the event that the cash flows from the tolls are unable to cover the interest and/or principal payments (debt service), the shortage would be covered by the issuing city from its general fund. These bonds are thus backed by both the toll revenue stream and the full faith and credit of the issuing city.


Investment dictionary. . 2012.

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  • Double-barreled — Dou ble bar reled, or barrelled bar relled , a. Having two barrels; applied to a gun. [1913 Webster] …   The Collaborative International Dictionary of English

  • double-barreled — [dub′ lbar′əld] adj. 1. having two barrels, esp. side by side, as a kind of shotgun 2. having two purposes 3. that can be taken in two ways; ambiguous …   English World dictionary

  • double-barreled — adjective 1. having two barrels mounted side by side a double barreled shotgun • Syn: ↑double barrelled • Ant: ↑single barreled 2. having two purposes; twofold our double barreled desire to make things profitable as well as attractive Louis… …   Useful english dictionary

  • double-barreled — dou|ble bar|reled [ ,dʌbl bærəld ] adjective 1. ) a double barreled gun has two parts that bullets come out from 2. ) MAINLY JOURNALISM a double barreled attack or plan has two parts …   Usage of the words and phrases in modern English

  • double-barreled — adjective Date: 1709 1. of a firearm having two barrels mounted side by side or one beneath the other 2. twofold; especially having a double purpose < asked a double barreled question > …   New Collegiate Dictionary

  • double-barreled — /dub euhl bar euhld/, adj. 1. having two barrels mounted side by side, as a shotgun. 2. serving a double purpose or having two parts or aspects: a double barreled attack on corruption. [1700 10] * * * …   Universalium

  • Double-barreled shotgun — Double barrel redirects here. For the song by Dave and Ansell Collins, see Double Barrel. A view of the break action of a typical side by side double barrelled shotgun, with the Anson Deeley boxlock action open and the extractor visible. The… …   Wikipedia

  • double-barreled — double bar·reled …   English syllables

  • Double-barreled cannon — A frontal view of the double barreled cannon. The double barreled cannon is an American Civil War era experimental weapon and is now a modern landmark located in Athens, Georgia. While originally built for warfare, the cannon never saw battle.… …   Wikipedia

  • Double-barreled question — A double barreled question (sometimes, double direct question[1]) is an informal fallacy. It is committed when someone asks a question that touches upon more than one issue, yet allows only for one answer.[2][3][4] This may result in inaccuracies …   Wikipedia

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