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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 ?
GOING DOWN United's James Perch reacts after being headbutted by Pepe Reina
Sporting: 200-215 For Whom The Bell Tolls (50pts per team going down last level and losing, 25pts going down last in front and halving, 10pts per ball in water).
Nuneaton Under-13s failed to make progress in the Midlands Divisional Walsall FC Challenge Cup going down 1-0 to Erdington and Saltley in their second round clash at Nicholas Chamberlaine last week.
By selling first and buying later, short sellers benefit from stock prices going down instead of up.
Going down the freeway with your windows down is worse than secondhand smoke.
For the first time that he can remember, his rent roll is going down.
stock is going down rapidly you can lose a lot with slow
We found that the picture quality of the Digital-S machine (in component) was better than D2 and D3 even after going down five to six generations.
It's going down and picking up speed, which reflects the wholesale price drop,'' said Jeff Spring, a spokesman in the Auto Club's Costa Mesa office.
Then when it goes down because the price of oil's going down, why are they holding back?
We just said that no matter what we did, we're going down this race track.
So confident were the third-seeded Chatsworth players, they started taunting Taft, saying Taft was going down.