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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 the front five remain I'd expect him to go off about what he is today.
Station Officer Ray Hughes, of Foleshill Fire Station, said: "Even though smoke alarms can be a nuisance when they go off accidentally, you have to get around it.
It is not the ticking of this particular clock that is preoccupying foreign investors, however, so much as of a second one set to go off in April 2000.
He added they told the Government, "We don't want you to default on these payments, it is your decision but a bomb will go off, it will go off in Dublin and not in Frankfurt".
Thunderstorms and real lousy weather are the only things that could do that and he could go off at 2-1.
He said: "I am on standby so I just hope my bleeper doesn't go off while I'm away.
If you read in the newspaper someone selling a brand new Mercedes Benz for the same price as a Ford Focus, bells and whistles would go off in your head.
There had been suggestions that the Donald McCain-trained eight-year-old could go off as short as the trainer's father's Red Rum in 1975, when the Aintree legend started at 7-2 before finishing runner-up to L'Escargot.
A lot of us have mental alarms that go off when politicians say they want to change the rules to make things ``fair.
ETA set the bombs to go off during the Constitution Day bank holiday.
ALLOWING mobile phones to go off in court is to be treated as contempt of court by a judge at his Warwick Crown Court hearings.