General Obligation Bond financial definition of General Obligation Bond. General Obligation Bond finance term by the Free Online Dictionary.

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.

general obligation bond (GO)

A municipal debt obligation on which interest and principal are guaranteed by the full financial resources and taxing power of the issuer. This broad promise makes a general obligation bond of higher quality than issues secured by a particular project or a more limited guarantee. It also results in lower returns to bondholders. Also called full-faith-and-credit bond. See also revenue bond.

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	He said it is written with the same "standard language" used in other general obligation bond measures that have gone before voters in previous elections. Voters get a say in helping state save by The Register-Guard (Eugene, OR) 6 million of outstanding general obligation (GO) bonds, consisting of the following issues: --$25 million general obligation bonds, issue of 2004; --$25. Fitch Affirms Hartford, Connecticut's GOs at 'A'; Outlook to Negative by Business Wire Measure 29 would give the state treasurer the constitutional authority he needs to issue general obligation bonds to refinance the state's unfunded obligation to the Public Employees Retirement System. Don't ignore election by The Register-Guard (Eugene, OR)	Gemeinschaft Genbutsu Genbutsu Kakaku Genbutsu Kessai Genehmigtes kapital General Acceptance General Account general agency general agent General Agreement on Tariffs and Trade general and administrative expenses General Arrangements to Borrow General Average General Average Contribution general bill of sale General cash offer General Collateral Financing Trades general contractor General Creditor General Depreciation System General Ledger general lien General Loan and Collateral Agreement General Mortgage General Obligation General Obligation Bond General Obligation Bonds General Order general partner general partnership General price level General Price Level Accounting General Revenue General Rule General Securities Registered Representative Examination General Services Administration General Straight-Line Depreciation System General Strike General Tariff General Utilities Doctrine general warranty deed generally accepted accounting principles Generally Accepted Auditing Standards Generation-Skipping Transfer or Trust Generic Generic Bond Generic Credit Spread Generic Market Generic Prices Generic Security Genetic Algorithms	General Neuropsychological Deficit Score General New Item General News Service General NOAA General Nogi General Noise & Tonal System General Nol General Non-Thyroid Disease General Nonlinear Analysis of Two-Dimensional Structures General Norms for the Liturgical Year and the Calendar General Notes General Notice general notion General Nuclear Response General Nuclear Systems, Inc. General Nuclear War General number field sieve General Nurse General Nursing and Midwifery General Nursing Council Trust General Nutrition Centers General Nutrition Centers General Nutrition Companies, Inc. General Object-Oriented Databases for Software Engineering Processes General obligation General obligation General Obligation Bond General obligation bonds General Obligation Limited Tax Bonds General Observer General Observer Support Branch General Occupational/Technical Studies General Ocean Turbulence Model General Odorant-Binding Protein General Odorant-Binding Protein 2 General of brigade General of Marines General of the Air Force General of the Air Force General of the Army General of the Army General of the Army Douglas MacArthur General of the Army Douglas MacArthur General of the Army Dwight Eisenhower General Offending Behaviour Programme General Offense Character General Office Attire General Office Clerk General Office Line of Sight General Office Non-Line of Sight general officer general officer general officer general officer general officer General Officer Bright Idea General Officer Command Course

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

He said it is written with the same "standard language" used in other general obligation bond measures that have gone before voters in previous elections.

Voters get a say in helping state save by The Register-Guard (Eugene, OR)

6 million of outstanding general obligation (GO) bonds, consisting of the following issues: --$25 million general obligation bonds, issue of 2004; --$25.

Fitch Affirms Hartford, Connecticut's GOs at 'A'; Outlook to Negative by Business Wire

Measure 29 would give the state treasurer the constitutional authority he needs to issue general obligation bonds to refinance the state's unfunded obligation to the Public Employees Retirement System.

Don't ignore election by The Register-Guard (Eugene, OR)

General Agreement on Tariffs and Trade

general and administrative expenses