double-barreled

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municipal revenue bond whose principal and interest are guaranteed by a larger municipal entity. For example, a bridge authority might issue revenue bonds payable out of revenue from bridge tolls. If the city or state were to guarantee the bonds, they would be double-barreled, and the investor would be protected against default in the event that bridge usage is disappointing and revenue proves inadequate.

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A municipal general obligation bond in which the cash flows are pledged by two distinct and different entities. One entity will make interest payments, and the other, the principal payments. These are municipal general obligation (GO) bonds as opposed to revenue bonds because they are ultimately backed by the issuer and its taxing power.

Double-barreled bonds are sometimes referred to as "combination bonds".

Investopedia Says:
These bonds, as specified by their trust indenture, are municipal general obligation bond issues. For example, assume a local city issues a double-barreled muni bond to raise funds for a new toll road bypass. In the event that the cash flows from the tolls are unable to cover the interest and/or principal payments (debt service), the shortage would be covered by the issuing city from its general fund. These bonds are thus backed by both the toll revenue stream and the full faith and credit of the issuing city.

Related Links:
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Learn to distinguish between general obligation and revenue bonds to ace this test. Municipal Bond Tips For The Series 7 Exam
Investing in these bonds may offer a tax-free income stream but they are not without risks. The Basics Of Municipal Bonds
Interest may not be tax-exempt for seniors with Medicare or Social Security benefits. Why Retirees Can't Count On Muni Bonds
Learn how a foray into CDOs and other exotic products ruined an industry's image. Fatal Seduction Of The Municipal Bond Insurers
Learn the rules every investor should know before buying into this "tax-free" investment. Avoid Tricky Tax Issues On Municipal Bonds

Dansk (Danish)
adj. - dobbeltløbet, med bindestreg

Français (French)
adj. - à deux coups, double (patronymique)

Deutsch (German)
adj. - doppelläufig, Doppel-

Ελληνική (Greek)
adj. - δίκαννος, με διπλό επώνυμο

Italiano (Italian)
a doppia canna

Português (Portuguese)
adj. - equivocado, de dois canos

Русский (Russian)
двуствольный

Español (Spanish)
adj. - de dos cañones, apellido compuesto (con guión), de doble efecto

Svenska (Swedish)
adj. - tvåpipig

中文（简体）(Chinese (Simplified))
双管的, 双筒的, 双重意义的

中文（繁體）(Chinese (Traditional))
adj. - 雙管的, 雙筒的, 雙重意義的

한국어 (Korean)
adj. - 2연발식의, 모호한, (이야기 등이) 이중 의도의

日本語 (Japanese)
adv. - 2連発の, あいまいな

עברית (Hebrew)
adj. - ‮דו-קני, דו-משמעי, מחובר במקף, מוקף‬

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