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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.

Goes

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.

GO

References in periodicals archive ?
BEIRUT: The head of the Syndicate of Taxi Drivers, Abdel Amir Najdi voiced his concerns about the weekly rise of gasoline prices while the international oil price is going down.
A type of punishment has to come into place which discourages players going down too easily.
On Rink 5 Harry Goldman skipped Val Perks, the impressive Janet Faulkner and Roger Perks going down 23-12 to a very strong Erewash four.
Liverpool fans wouldn't have been complaining had Andy Carroll got a penalty earlier in the game so I can't see the point dwelling on Pepe Reina's red card and James Perch going down.
I really thought someone else was going to beat us because we went so early and with the sun going down," said Gordon, driver of the No.
There is already some evidence that audit fees are going down.
The grand opening feeling was furthered by the fact that outsiders were allowed access to the park the entire day, with skate sessions going down on all the areas of the park not blocked by all the sweet art fences.
The five were part of a larger group that was going down to Bush's ranch outside of town to protest the Iraq War last May 3.
When you say the prices are going down $30 per ton, it sounds like a lot, but that is what they went up in February," Davis notes.
I saw the South American championships last year and players were unbelievable in the way they were going down - but they were still being fouled.
There's no reason to think this resource in Sudbury doesn't keep going down," he says.
John Leslie of course almost ended up going down full stop.