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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.


To trade, especially at a given price. For example, one may say that a stock "goes" at $10, meaning that one may trade at its current share price of $10.


References in periodicals archive ?
If this scheme goes ahead, Istanbul may be crossed off the World Heritage Site listing (no city ever has been) and threat of losing this status could be the only action which can halt this outrage.
Clerk of the course James Hutchinson said yesterday: "Racing goes ahead and the ground is soft, heavy in places.
SKIPPER Nasser Hussain and the England squad were set to meet with New Delhi High Commissioner Sir Rob Young at Lord's today to discuss the future of the proposed tour to India - but England cricket chiefs insist they will have the final say on whether it goes ahead.