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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.

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 ?
Sun Life Financial first sponsored Bottom Line this past March during the organization's Inaugural Get In, Graduate, and Go Far Dinner and recently pledged to be the Lead Sponsor of its second annual dinner scheduled for February 27, 2007.
It said a review by a chief police officer does not amount to a review by an appropriate tribunal and would not go far enough to satisfy a Supreme Court ruling that it is a breach of offenders' human rights to be put on the register for life with no review.
The recent report issued by The Conference Board's Commission on Public Trust and Private Enterprise is "headed in the right direction, but does not go far enough," says Bruce Ellig, an executive compensation expert and author of The Complete Guide to Executive Compensation.
The campaign is built upon the foundation formed by last summer's highly effective Power Distance campaign, "Ball Go Far," but takes an unexpected twist with the inclusion of Campbell and Sinatra, the country legend and the "first rebel chick singer.
But environmentalists claimed the plans did not go far enough.
From the sink bowls, to the faucets to the shower/steam and sauna combination, all the way to a whirlpool tub with a DVD player in it, we have the bathrooms that go far beyond what the standard contractor is putting in home bathrooms today.
He told the Chronicle: "We have a chance to go far in this competition.
GOVERNMENT plans for police chiefs to review requests from paedophiles and rapists to be removed from the sex offenders register after 15 years do not go far enough, MPs and peers said.
warned last night Home Office plans to limit the availability of cheap alcohol did not go far enough.
Chancellor 'didn't go far enough' PROPERTY experts have welcomed the initiatives set out by the Budget to boost the housing market - but said they did not go far enough.
Still, the belt-tightening didn't go far enough for some.
Home Secretary Michael Howard yesterday unveiled plans to stamp out the sale of killer combat knives - but they might not go far enough for Labour's Jimmy Wray.