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A revenue bond is istinguished from a general obligation bond in that revenue bonds: A. are issued by countries, special districts, cities, towns and state-controlled
A revenue bond is istinguished from a general obligation bond in that revenue bonds:
A. | are issued by countries, special districts, cities, towns and state-controlled authorities, whereas general obligation bonds are only issued by the states themselves. | |
B. | are typically secured by limited taxing power, wheras general obligation bonds are secured by unlimited taxing power. | |
C. | have first claim to any revenue increase of the tax authority issuing the bonds. | |
D. | are issued to finance projects and are secured by the revenues of the project being financed. |
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