Analyze the different types of debt, addressing the following types of debit.
? General obligation bonds
? Revenue bonds
? Certificates of obligations
? Commercial paper
? Capital leases
? Notes payable
Here is some information for you:
General Obligation Bond - A municipal bond backed by the credit and "taxing power" of the issuing jurisdiction rather than the revenue from a given project.
General obligation bonds are issued with the belief that a municipality will be able to repay its debt obligation through taxation or revenue from projects. No assets are used as collateral.
Revenue Bond - A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium.
This differs from general-obligation bonds, which can be repaid through a variety of tax sources. Revenue bonds are only payable from specified revenues.
A main reason for using ...