Close Navigation
Learn more about IBKR accounts

Moral Obligation Bonds

Trading Term

Revenue bonds that are first secured by the revenues of a project; however, if revenues are insufficient to pay debt service requirements, the state is morally obligated (but not legally required) to provide the needed funds. Prior to issuing the bonds as moral obligation bonds, the legislative approval of the state government must be obtained.

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.