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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 ?
Lights Go Down , formed in New York in May of 2014, is set to record in various studios throughout the Big Apple this month with producers Ryan and Nathan Hughes.
In other instances there is no contact and yet a player chooses to go down.
All you can ask is that we go down and give a good account of ourselves.
He said: "We now have about 40-odd pupils going down to the match aged between 11 and 18 "I was going to go down with friends, but then I started getting knocks on the door from pupils who were wondering if they could go down to the final.
I have got no doubts whoever goes down this season needs severe restructuring and it probably wouldn't do them any harm to go down, readdress and then come back up more strongly.
I'm just hoping it doesn't happen to my old club because it would be unthinkable for Liverpool to go down.
If we go down we'll be strong next year with the quality of players we'll have in that division.
Without knowing your full credit situation, it's tough to tell if your score will go down, or by how much.
At first I was a little skeptical as to how well the old songs would go down without the guitar wizardry and unique voice of D Boon, but I ended up being floored by Hurley and Watt's mastery of the music.
Scrap buyers feel that scrap dealers made a lot of money as the steal market went up, and they warn that dealers are likely to be in a lot of pain during the next three months as markets go down.
But I'm sticking with Wolves, Leicester and Leeds to go down.
In November 2001, however, a "significant" deposit was discovered on its Nickel Rim South property near the Greater Sudbury Airport prompting Falconbridge to plan an exploratory shaft to go down and explore it.