Moral Obligation Bond : A municipal security which does not have the backing of the full faith and credit of the issuer, but which has means of payment morally (as opposed to legally) obligated to it
Ilan Kelman (ed.), Vulnerability and Resilience Definitions and References, Version 2, 2007. http://www.islandvulnerability.org/docs/vulnres.pd f, (Vulnr and Resilience - Brit) {524}