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A bond measure is a proposal to sell bonds for the purpose of acquiring funds for various public works projects, such as research, transportation infrastructure improvements, and others. These measures are put up for a vote in general elections and must be approved by a plurality or majority of voters, depending on the specific project in question. Image File history File links Wiki_letter_w. ... Betrothal is a formal state of engagement to be married. ... Bonds can refer to: A financial bond (including a junk bond or a zero-coupon bond) Barry Bonds A chemical bond (including the ionic bond, covalent bond, coordinate covalent bond, metallic bond, hydrogen bond, Carbon-carbon bond, Disulfide bond and Glycosidic bond) This is a disambiguation page — a navigational aid... Funding or financing is to provide capital (funds), which means money for a project, a person, a business or any other private or public institution. ... The notion of internal improvements or public works is a concept in economics and politics. ... Voting is a method of decision making wherein a group such as a meeting or an electorate attempts to gauge its opinionâusually as a final step following discussions or debates. ... A plurality (or relative majority) is the largest share of something, which may or may not be a majority. ... A majority is a subset of a group that is more than half of the entire group. ...
Such measures are very often used in the United States when other revenue sources, such as taxes, are limited or non-existent. Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ... A tax (also known as a duty) is a charge or other levy imposed on an individual or a legal entity by a state or a functional equivalent of a state (e. ...
Municipal bonds are guaranteed by a local government, a subdivision thereof, or a group of local governments, and are assessed for risk and rated accordingly.
Interest income received by holders of municipal bonds is often exempt from the federal income tax and from the income tax of the state in which they are issued, although municipal bonds issued for certain purposes may not be tax exempt.
General obligation bonds promise to repay based on the full faith and credit of the issuer; these bonds are typically considered the most secure type of municipal bond, and therefore carry the lowest interest rate.