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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 classic literature ?
I, too, go on and on, because I am strong on the trail and because I am greatly paid.
That's why my inventive friend was so anxious to go on this expedition when he learned Beecher was to go.
So he remained, and let the others go on without him.
As to the arguments which my reason dictated for persuading me to lay down, avarice stepped in and said, 'Go on, go on; you have had very good luck; go on till you have gotten four or five hundred pounds, and they you shall leave off, and then you may live easy without working at all.