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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 ?
They are going off to Iraq to fight for Bush, Cheney, Rumsfeld, and Halliburton," Zinn said.
A LIVERPOOL-BASED producer who helped create the hit film Going Off Big Time is seeking investors for his second film Charlie Noads RIP.
Kenny Ross, Scottish FBU Secretary, said: "The timing of the alarm going off may actually serve notice on the Executive to treat the Scottish Fire Service with respect.
Hardly any of my neighbours bother getting out because the alarms are always going off.
Staff from offices, shops and other businesses in the estate buildings off Railway Street assembled outside just before 10am after hearing the fire alarm going off.
MADE in Liverpool film Going Off Big Time will celebrate its 10th anniversary with a special screening in the city.
The O'Brien team will divide the betting public's support and I can see Sea The Stars going off at around 5-2.
It) sounds much louder than a shotgun going off,'' Nordskog said.