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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 ?
You see, the path Pueblo Ribera sent me down soon led to Irving Gill, a Southern California architect of the generation previous to Schindler's whose career was tanking as Schindler's was getting going.
Loomis should have told Morris during his "writer's-block years" to go ahead with the fictional device as a way of getting going, then stripped all of it (including Morris' poems) out of the final draft.
just when things are getting going, and hundreds of descamisados--shirtless ones--empty into an area of Commercial Street in front of a pizza parlor.
It's effective in helping people overcome the 'winter blues' and, we are learning, helping anybody who has trouble getting going in the morning -- which is most of us.
The collision of reality programming and dating shows was just getting going (in early 1999)," Hanna explained.