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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 ?
Gund laughs, "One person asked everybody to go down the line and talk about the first time we got into pain.
The second situation is line-based manufacturing where the products that go down the line are varied and they have varying cycle times down the line.
I had the dresses before Celebrity Big Brother but now I'll hopefully be able to go down the line of actually designing myself which is really exciting.
We don't just want to go down the line of the standard old guests, we want someone quirky.
Barry's not a winger who will go down the line and go by people, he's more of a footballer, but it suits the team just now.
We might go down the line of having a second injection, we'll wait to see what the specialist advises.