General obligation bonds have specific assets pledged as security or specific sources of revenue allocated for their repayment.

Name: General obligation bonds have specific assets pledged as security or specific sources of revenue allocated for their repayment.
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General obligation bonds do not have specific assets or revenues pledged as security. They are backed by the full faith and credit of the issuer, meaning the issuer pledges to use all available resources to repay the bondholders.

General Obligation Bonds Have Specific Assets Pledged as Security or Specific