Second, the states have immensely increased their issuance of general obligation bonds that fund what corporations strive to avoid& paying operating expenses with long-term debt. 第二,州级政府大幅增加了一般义务债券的发行,融资用途是企业所竭力避免的&即用长期债务偿付营运费用。
The first type is the general obligation bonds that fund salaries and current expenses. 第一类是用于支付工资和当前费用的一般义务债券。
General Obligation bonds are backed by the "full faith and credit" of the issuer. 普通债务债券由发行人的信用做保证。