GO

(redirected from go bust)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.
Related to go bust: go over

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.

Goes

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.

GO

References in periodicals archive ?
Mr McCartney said customers' pre-pay-ments would be held in ring-fenced trust accounts where they are protected if savings clubs or their parent companies go bust.
But canny Gold knows that if Portsmouth go bust and can't complete the season, the Hammers would lose the four points they have won off them.
Now bosses at Paisley Out Of School Care, in Renfrewshire, fear they could go bust trying to clear the debt.
Clinton said yesterday: "Fair play to Paddy, if it does go bust we'll pocket pounds 2,000.
Or pay your holiday providers by credit card so if they go bust you can claim from the credit card company.
Experts predict 15,000 Scots will go bust by the end of the year.
Running a company with the same name as one you have seen go bust, before a certain number of years have passed, is a criminal offence unless you get special dispensation from a court.
Rivals Ryanair and easyJet warned yesterday more would go bust in the battle to provide ever lower fares.
Most worringly, the financial experts say the 2002 total is "likely to be the tip of the iceberg" and predict hundreds more firms will go bust this year - leading to more big job losses.
In the next 18 months the whole game could go bust - and I don't know what I would do then.