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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 ?
Lucy Wanless, a 21-year-old student of Redcar, said: "We are going back to the same place again this year - Ibiza.
I knew that Dan, Rupert and Emma were called in and I was enjoying that - I was joking that, 'Oh, I got it on the first take so I don't need any of that, going back to do it again'.
He describes how Pakistani leaders going back to the nation's founder, Muhammad Ali Jinnah, have struggled to build a national identity and have usually settled on only one unifying principle, Islam.
You see it at the barre when a student does a grand battement--you have to feel being on both legs in fifth before going back on one leg.
There's a full-on fight to try to keep the city from going back to where it was.
Gather all the information you can about going back to school.
The prospect of going back sick and dying is not a nice one, especially when it includes disclosure and rejection in most cases.
The judge then had his wife call 911 before getting a gun and going back outside.
These isles have embraced the New Feudalism and there's no going back.
QI WAS 16 just before halfterm and I told mymum there was no way I was going back to school after the break.