Last Updated
:2025/11/22
bond for general purposes
( plural )
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(law) A kind of government bond that is a charge against the taxpayers generally, as distinguished from bonds for improvements, the cost of which is charged to the property specially benefited.
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bond for general purposes
After reviewing the city budget, the council approved a bond for general purposes to cover unforeseen municipal expenses.
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After reviewing the city budget, the council approved a bond for general purposes to cover unforeseen municipal expenses.
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