| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,896,192,087 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
General Obligation Bond |
Also found in: Wikipedia | 0.01 sec. |
|
|
General Obligation Bond In the United States, a municipal bond in which the issuing locality pledges to use all revenues at its disposal to pay bondholders, including the raising of property taxes. Should a sufficient number of residents not pay their property taxes that it impacts revenue for bondholders, the terms of the bond legally require the municipality to raise property taxes to make up the shortfall. There are two basic types of general obligation bonds. A limited GO allows for the raising of property taxes up to a certain percentage, while an unlimited GO theoretically allows the municipality to levy taxes of up to 100% of a property's value. Because an unlimited GO provides a great incentive to pay property tax on time, and because many states only allow such a bond to be issued following a vote on the matter, credit ratings agencies usually rate them higher. However, both types of GO are generally rated highly.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Mentioned in | ? | References in periodicals archive | ? | Financial browser | ? | Full browser | ? | |||
|---|---|---|---|---|---|---|---|---|---|---|
Essential Function Bond Essential Purpose Bond Full-Faith-and-Credit Bond Full-Faith-and-Credit Pledge General Obligation General Obligation Bonds GO Lease-Rental Bond Limited-Tax General Obligation Bond Moral Obligation Bond Moral Obligation Debt Municipal Bond Refunded Bond Revenue Bond Self-Supporting Debt Special Assessment Bond | However, GARVEE Bonds were resurrected in the final days of the session, after the article's publication date, and have since been included in general obligations (GO) bonds which will be presented to Alaskan voters in November According to the AGC's Dick Cattanach, AGC supported the final proposal because it included $124 million in GO bonds for new highway construction. The rating on Philadelphia's GO bonds reflects: -- A trend of sound financial operations, producing six consecutive years of balanced operations; -- Demonstrated trend in budgeting and long-term financial planing; and -- The presence of the Pennsylvania Intergovernmental Cooperation Authority, the fiscal oversight authority. NEW YORK -- Fitch Ratings has withdrawn its 'AAA' long-term rating for the following general obligation (GO) bonds because they have been prerefunded: -- Ridgefield (CT) GO bonds series 2004; -- Ridgefield (CT) GO bonds (Lot A) series 2003. |
GO Bonds |
Go Bare go beet red go beetroot go before Go Before Optics go begging go begging go begging go begging go begging go behind back go belly up go belly up go belly up go belly up go belly up go below go berserk go between go beyond go beyond go beyond a joke Go Beyond Doors for Answers Go Big or Stay Home Go Big Orange Go Big Red go blank Go Blue Wolverine go board GO bond GO Bonds go brokego bust go bust go bust go bust go by go by go by go by go by shank's mare go by the board go by the board go by the board go by the board go by the board go by the boards go by the book go by the name of go by the wayside go by the wayside go cap in hand Go chase yourself! Go climb a tree! go cold turkey Go commando go contrary to go counter go counter go counter go counter | |||||||
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|