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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 ?
If it's one or two go against you it's one thing, but when it's six or seven you start to think.
Council leader Arthur Barker said: "These plans go against our policy to improve the quality of life for Hambleton's residents and visitors.
As for KMBC going against residents wishes they certainly don't go against mine.
When you go against the ball and the player is behind, you know you will do something.
Coun Armstrong-Braun claims that on an unrelated public inquiry site visit recently, an Assembly inspector asked him why Flintshire councillors appeared to go against advice from their own planning officials.
We got to the semi-finals of the FA Cup and the quarter-finals of the UEFA Cup, which was a great achievement, but obviously things went against us ( suspensions, injuries, everything that could have gone against us did go against us.
Houlton will draw the spot start and Penny will go against Arizona either Monday or Tuesday at Dodger Stadium.
Marriage is holy, while homosexual acts go against the natural moral law.
All members of the League are to be members in good standing; however, how can they be if they go against the teachings of the Pope and the Church?
Combining this with a bullish options crowd, and a definite lack of support on the short-selling front, I am inclined to go against our Schaeffer's Equity Scorecard rating of 6.
The perception is that those decisions go against us for some reason - and it's not good for us.
If you go against your daughter you could end up losing contact with her and your grandchildren altogether.