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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 ?
If you go into the system today and say, "Listen, I want to put stuff on this airplane that will make it a communications relay and do the sort of data link transmission that makes it truly useful to the commander," you run up against a bureaucracy that says you guys are gold plating this airplane.
and practice the mission support side of warfare--running of a tent city and all of the things that go into bedding down a force at a distant location.
How it used to be that you couldn't drink from the fountain, you couldn't go into the restaurant, your kids couldn't attend the school.