Obligation

Business / Finance / Obligation: A legal responsibility, such as to repay a debt.

Other Words for Obligation

Obligation Noun Synonyms: responsibility, duty, charge, burden, onus, accountability, liability, trust, demand, requirement, compulsion, devoir
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Projected Benefit Obligation (PBO)

Business / Finance / Projected Benefit Obligation (PBO): A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Related: Accumulated benefit obligation. MORE

Limited-Tax General Obligation Bond

Business / Finance / Limited-Tax General Obligation Bond: A general obligation bond of a government backed by specified or constrained revenue sources. MORE

Fixed-Dollar Obligations

Business / Finance / Fixed-Dollar Obligations: A measure of a firm's ability to meet its fixed-charge obligations: the ratio of (net earnings before taxes plus interest charges paid plus long-term lease payments) to (interest charges paid plus lon MORE

General Obligation Bonds

Business / Finance / General Obligation Bonds: A type of obligation that covers all a borrower's mortgageable properties, not just one specific property. MORE

Moral Obligation Bond

Business / Finance / Moral Obligation Bond: A tax-exempt bond issued by a municipality or a state financial intermediary that is backed by the moral, but not legal, obligation of a state government to appropriate funds in case of default. MORE

General Obligation (GO) Bond

Business / Taxes / General Obligation (GO) Bond: State and local governments issue general obligation (GO) municipal bonds and pay the interest and repay the principal from general revenues. GO bonds considered somewhat less risky, and so pay slight MORE

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