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Glossary of Investment Terms

 

G

 

General Obligation Bonds

 

Municipal bond backed by the full faith and credit of an issuing municipality. A GO bond is repaid with general revenue and borrowings, in contrast to the revenue from a specific facility built with the borrowed funds, such as a tunnel or sewer system.

 

 

 

Grantor (Depositor)

 

The individual who establishes an account. Responsible for verifying his or her eligibility to make a contribution.

 

 

 

 

 

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