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LogoutA moral obligation bond is a tax-exempt revenue bond issued by a municipality or other government entity that includes a moral, but not legal, promise to avoid defaulting on payments, even if it requires diverting funds from other sources.
A moral obligation bond is a tax-exempt revenue bond issued by a municipality or other government entity that includes a moral, but not legal, promise to avoid defaulting on payments, even if it requires diverting funds from other sources.