3.3 Types of Debt Obligations Organized by Security and Source of Payment

3.3 Types of Debt Obligations Organized by Security and Source of Payment

As noted above, the security and source of payment are distinguishing factors among debt obligations, and the types of debt obligations are frequently organized around them. For example, sales tax revenue bonds do not denote long or short term obligations or even how the bonds are structured but simply denote the security and source of payment for the obligation. The following is a listing of common debt obligations with reference to security and source of payment.