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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 ?
Although she has been in the United States since 1977, Veronica views her migration as a temporary situation and has every intention of going back to Sudan.
Wells sees evidence of the El Nino-style floods going back to 7,000 to 8,000 years ago.
Online college degree and career education center features enable visitors to learn everything they need to know about going back to school.
I told him that I will be going back home (to Nigeria), but I didn't tell him I won't be coming back (to Mapua),' he said.
The reception I got made me realise how important going back there and playing for Ireland is.
Laboring in the coldest spot on Earth, an international team of scientists has reached a new milestone in drilling through ice, providing a chronicle of climate going back nearly 400,000 years.
Going back to school has never been something kids look forward to.
I had been working for a marketing company and my maternity leave was coming to an end when I started thinking about what I was going back to and how much pressure I would be under," she says.
The Tucson-based scientists sifted through fire statistics going back to 1905 for national forests in the Southwest and compared them with wintertime fluctuations in the Southern Oscillation -- a record of air pressure over the central Pacific that can serve as an indicator for El Nino or La Nina conditions.
Because of the benchmark revisions, data prior to 1999 is not directly comparable, but has been revised going back to 1989 using improved methodology.
We are going back to the table, though, in a very short time.
We dated the bits of starfish themselves," he says, "so even if the sediment is totally churned up, you still have bits of starfish going back 8,000 years, showing that these starfish have always been there.