Governmental obligation definition

Governmental obligation means any debt obligation of a Governmental Entity.
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Governmental obligation. ’ means an ob- ligation the status of which under Code Sec- tion 103(a) is in issue.
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Governmental obligation. ’ means an obligation the status of which under Code section 103(a) is in issue.
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Examples of Governmental obligation in a sentence

  • This price was defined in the purchase contract for "Zeljezara." When the investor gave up the purchase, the contract was terminated, and there is no Governmental obligation relating to this issue.


More Definitions of Governmental obligation

Governmental obligation means a bond, note or other evidence of indebtedness issued by the State or any agency or political subdivision of the State, which is described by Sections 103 and 141-150 of the Code.
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Governmental obligation with respect to the Offered Securities means (x) any security which is (i) a direct obligation of the German government or (ii) an obligation of a person controlled or supervised by and acting as an agency or instrumentality of the German government the payment of which is fully and unconditionally guaranteed by the German government, the central bank of the German government or a governmental agency of the German government, which, in either case (x)(i) or (ii), is not callable or redeemable at the option of the issuer thereof, and (y) certificates, depositary receipts or other instruments which evidence a direct ownership interest in obligations described in clause (x)(i) or (x)(ii) above or in any specific principal or interest payments due in respect thereof.
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Governmental obligation. ’ means an ob-
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Related to Governmental obligation

  • Government Obligations means (i) securities which are (A) direct obligations of the United States of America or the government which issued the Foreign Currency in which the Securities of a particular series are payable, for the payment of which its full faith and credit is pledged or (B) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America or such government which issued the Foreign Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America or such other government, which, in either case, are not callable or redeemable at the option of the issuer thereof, and (iii) a depository receipt issued by a bank or trust company as custodian with respect to any such Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government Obligation evidenced by such depository receipt.

  • Money means a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.