Which Best Describes a Double-Barreled Bond?

Double barreled bonds are generally revenue bonds which are reclassified as General Obligation bonds because of the backing by the municipality rather than just user charges. ... [A] The term describes available revenue that the issuer can use to pay debt service.

What is a double barreled bond?

A double-barreled bond is a municipal bond in which the interest and principal payments are pledged by two distinct entities—the revenue from a defined project and the issuer and its taxing power.

What is a barrel bond?

A bearer bond is a bond or debt security issued by a business entity such as a corporation or a government. ... Recovery of the value of a bearer bond in the event of its loss, theft, or destruction is usually impossible. Some relief is possible in the case of United States public debt.