Finance: What are General Obligation, Revenue and Double-barreled Bonds?

Discover the world of municipal bonds, their types and how they function, explained by Shmoop in an easy-to-understand way. Distinguish the different types of muni bonds, such as general obligation bonds, revenue bonds, and double-barreled bonds.
- Cross into the world of bonds and finance, with a particular focus on municipal bonds.
- Gain insight into how cities raise money through the issuance of general obligation, revenue, and double-barreled bonds.
- Delve into the features and functions of general obligation bonds and the concept of Full Faith and Credit.
- Unravel how revenue bonds work, primarily backed by the revenues of a defined project.
- Discover the hybrid variant, the double-barreled bonds, representing the fusion of both taxes and revenue bonds.
- Explore the safety levels of these bonds with general obligation bonds being backed up by the city, revenue bonds holding more risk, and double-barreled bonds providing a combination of both.
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A Legend explores munis !