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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 ?
While everyone else walked away or thought, 'Why go against it?
An ABC News/Washington Post poll issued in early June found that 68 percent of Americans oppose denying communion to politicians who go against church dogma.
They] inspired me to be independent and always go against the grain if the grain was not helpful to the whole cause.
Only in Houston did the result go against gay rights; voters prohibited the city from offering same-sex domestic-partner benefits--by a slim 3% margin.
Sports players should not pray at athletic events, because the prayers may go against someone's religious beliefs (January 22 issue).
Now, Hargrove either had to bring in middle-innings relief pitcher Eric Plunk, a righty, or stick with Assenmacher and thus go against the book.
I go against the processions of pilgrims in the Old City, brush by them, rub up against them, feel the weave of their clothes, take in their smell, hear their talk and their song, they fly by my cheeks like beautiful clouds.
Aaron Ahearn took all that to heart and simply could not go against his conscience.
Pegg said: "It is not surprising when decisions go against you abroad.
p be "You just hope the decisions which go against you don't have a bearing on where you finish at the end of the season.
There was a group in between that decided to go against all our wishes and obviously go against the wishes of the organisers.