The type of bond that will result in governmental default if debt payments are not made is called a

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Quizplus · Accepted Answer

General obligation bonds are backed by the full faith and credit of the issuing government, meaning that the government has the power to tax its citizens to pay back the bondholders. If the government defaults on these bonds, it can damage its credit rating and make it more difficult and expensive to borrow in the future.

The Type of Bond That Will Result in Governmental Default