Government Obligation Law and Legal Definition

Government obligation means “a public debt obligation of the United States Government and an obligation whose principal and interest is unconditionally guaranteed by the United States Government.” [31 CFR 225.2; Title 31-Money And Finance: Treasury; Subtitle B-Regulations Relating To Money And Finance; Chapter Ii-Fiscal Service, Department Of The Treasury; Subchapter A-Financial Management Service; Part 225 -Acceptance Of Bonds Secured By Government Obligations In Lieu Of Bonds With Sureties.]