如何理解non-sovereign’s limited jurisdiction的含义？

问题如下：

A non-sovereign bond issued to fund public goods and services in the non-sovereign’s limited jurisdiction that is repaid from local tax cash flows is referred to as:

选项：

A.

a GO bond.

B.

a revenue bond.

C.

an agency bond.

解释：

A is correct. General obligation bonds are used to fund public goods and services in the non-sovereign’s limited jurisdiction and are repaid from local tax cash flows. B is incorrect because revenue bonds are issued for a specific project financing (infrastructure such as roads, bridges, or tunnels) with the source of repayment often linked to a project’s revenue stream (tolls, fees, etc.). C is incorrect because government agencies are quasi-government entities that issue debt in order to fund the government-sponsored provision of specific public goods or services based on sovereign or local law, with the primary source of repayment related to the public good or service and the sovereign government backing as a secondary source of repayment.