GENERAL OBLIGATION BOND (GO) is a municipal bond that represents the full taxing power of the issuing authority behind the repayment of principal and interest.
FISCAL LEVERAGE is the ability of a government to affect economic conditions and/or actions of others through fiscalist policies.
DISCOUNT PAPER is securities that are issued at a discount and mature at face, or par value. The difference, rather than coupon payments, represents the interest earned at maturity .
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