{"id":1371,"date":"2021-06-07T18:39:00","date_gmt":"2021-06-07T18:39:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/glossary-terms\/moral-obligation-bonds\/"},"modified":"2021-06-07T18:39:00","modified_gmt":"2021-06-07T18:39:00","slug":"moral-obligation-bonds","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.eu\/campus\/glossary-terms\/moral-obligation-bonds\/","title":{"rendered":"Moral Obligation Bonds"},"content":{"rendered":"<p>Revenue bonds that are first secured by the revenues of a project; however, if revenues are insufficient to pay debt service requirements, the state is morally obligated (but not legally required) to provide the needed funds. Prior to issuing the bonds as moral obligation bonds, the legislative approval of the state government must be obtained.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue bonds that are first secured by the revenues of a project; however, if revenues are insufficient to pay debt service requirements, the state is morally obligated (but not legally required) to provide the needed funds. 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