The phrase "a general bond" is correct and usable in written English.
It can be used to refer to a common connection or relationship between people, groups, or concepts.
Example: "The community was united by a general bond of shared values and experiences."
Alternatives: "a common connection" or "a shared relationship".
A five-year single-a general obligation bond from California yields 3%, while the five-year Treasury yields 2% (in both cases, these are yields to maturity).
The claimants say that in the end the products simply allowed Lehman to easily raise money in the months before it failed without going forward with a more complicated general bond issue, which they say would have revealed inherent weaknesses at the firm.
And although Standard & Poor's says it will rate tobacco bonds as high as single-A (compared with the best possible rating of triple-A), the ordinary general bonds issued by most local governments typically get a higher rating.
This separation of the revenue bond obligation from a municipality's direct and general bond obligations allows the municipality to circumvent legislated debt limits.
Mr. Gomeau, the controller, realized that a general obligation bond would drop the interest rate from 6.5percenttotonlyly 3.9percentt.
The yield on a general obligation bond rated triple-B is currently 6.02percentt, compared with 5.21percentt for one rated triple-A.
States now commonly require either a referendum or a supermajority vote of the legislature to issue a general obligation bond (one not backed by earmarked revenues).
Pennsylvania is speeding payments of $3.6 million to its debt-laden capital, Harrisburg, to prevent the city from defaulting on a general obligation bond, Gov. Edward G. Rendell said on Sunday.
With talks on labor issues scheduled for Thursday, municipal bond market participants say one of their main concerns is that the city's proposal would flatten the traditional hierarchy of creditors, putting say, a retired librarian on par with an investor holding a general obligation bond.
