Municipal Obligation definition

Municipal Obligation means municipal securities as described in the prospectus or other offering document for a Series.

Municipal Obligation means a bond or note or evidence of debt issued by a governmental unit for a purpose authorized by law. A municipal obligation includes loan repayment obligations from a school district to this state with respect to a qualified loan made under a school loan act that is assigned or otherwise transferred by this state to the authority. A municipal obligation includes an emergency loan board loan that is assigned or otherwise transferred by this state to the authority.

Municipal Obligation means the local government municipal obligation to be delivered by the City to the Michigan Finance Authority in accordance with the UTGO Settlement and applicable law.

Examples of Municipal Obligation in a sentence

• Fixed Income Investment Grade Corporate Obligation $250,000 State or Foreign Obligation $250,000 Municipal Obligation $250,000 High Yield Corporate Obligation $100,000 State or Foreign Obligation $100,000 Municipal Obligation $100,000 An open order or executed trade in any equity Covered Security for which an average daily volume cannot be determined shall trigger a blackout period.

• For purposes of the foregoing sentence, any Municipal Obligation backed by the guaranty, letter of credit or insurance issued by a third party shall be deemed to be issued by such third party if the issuance of such third-party credit is the sole determinant of the rating on such Municipal Obligations.

• When the Trust sells a Municipal Obligation and agrees to repurchase such Municipal Obligation at a future day, such Municipal Obligation shall be valued at its Discounted Value for purposes of determining Moody's Eligible Assets, and the amount of the repurchase price of such Municipal Obligation shall be included as a liability for purposes of calculating the Municipal Preferred Basic Maintenance Amount.

• That threshold shall be defined by asset type, as follows:Covered Security Equity Fixed Income Investment Grade Corporate Obligation State or Foreign Obligation Municipal Obligation High Yield Corporate Obligation State or Foreign Obligation Municipal Obligation An open order or executed trade in any equity Covered Security for which an average daily volume cannot be determined shall trigger a blackout period.

• For purposes of the foregoing sentence, any Municipal Obligation backed by the guaranty, letter of credit or insurance issued by a third party shall be deemed to be issued by such third party if the issuance of such third party credit is the sole determinant of the rating on such Municipal Obligation.

More Definitions of Municipal Obligation

Municipal Obligation means any obligation the interest on which is exempt from regular Federal income taxation and which is issued by any of the fifty United States, the District of Columbia or any of the territories of the United States, their subdivisions, counties, cities, towns, villages, school districts and agencies (including authorities and special districts created by the states), and federally sponsored agencies such as local housing authorities. Notwithstanding the foregoing limitations:

Municipal Obligation means any "Municipal Instrument" as defined in the Trust's registration statement on Form N-2 as filed with the Securities and Exchange Commission on August 6, 2008 (the "Registration Statement").

Municipal Obligation means a full faith and credit obligation of any state or territory of the United States of America, any political subdivision of any state or territory of the United States of America, or any agency, authority, public benefit corporation or instrumentality of such state, territory or political subdivision.

Municipal Obligation means an obligation of any state or territory of the United States of America, any political subdivision of any state or territory of the United States of America, or any agency, authority, public benefit corporation or instrumentality of such state, territory or political subdivision including those of any state of the United States of America, any political subdivision of any state of the United States of America, or any agency, or authority thereof, that at the time of purchase is in one of the two highest long-term rating categories by at least two Rating Agencies, without regard to gradations within the rating

Municipal Obligation means an obliga- tion of:

Municipal Obligation means municipal securities as described under the heading "Portfolio Composition" in the prospectus or other offering document for a Series of VMTP Shares.

Municipal Obligation means a bond or note or evidence of debt issued by a governmental unit for a purpose authorized by law.