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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 ?
The official acknowledged that some refugees have returned to the refugee camps after being facilitated to go back to Somalia.
If I could go back in time I would thank the people who shaped America to become what it is today.
Also for Mario to go back to Italy to play for Milan was important.
not your time go back Free the people from themselves And free shadows
The committee did not go back further because it would have had to go back to 1789 to provide complete equity, and no records of LE Staff date that far back.
Emad Sulaiman, an Egyptian working in the transport sector, said he decided to go back home after he was assured that he could open his own transport company for tourists there.
Natasha looks at Seb and I am scared that they are going to make me go back to Mum and Steve's.
Today, after riding through all of those supposedly harried years, it is good to look back, even go back in memory.
I think everybody else is willing to go back if asked," confirmed the Cross ace.
Using the Stryker IETM can be a real pain when you need to go back and forth between a maintenance task and the repair parts listing.
Once we become recapitalized, we are going to go back and reconsider whether to go back to those markets," Upton said.