CERTIFICATE OF OBLIGATION Definition

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CERTIFICATE OF OBLIGATION is a bond issued by a city, without voter approval.

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RECORD DATE, in securities, is the date for determining who is entitled to payment of principal and interest on a security.

IMPUTED VALUE is the logical or implicit value that is not recorded in any accounts, e.g., in the projection of annual figures, values are imputed for months for which the actual values are not yet known.

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