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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 ?
Let s Go Places emphasizes the thrill of innovation for a better way to live and drive, and delivers on that promise in a variety of ways from seven, exciting all-new or updated Toyota and Scion vehicles in 2013, to unique community-giving programs such as 100 Cars for Good, to partnerships like Toyota s Personal Branding Initiative to assist veterans in translating their military skills into employment opportunities.
Curbishley said: "I spoke to a lot of people before taking this appointment, and they are all coming out with the same thing - this club can go places.
They're going to go places they haven't gone before,'' Owen said.
24, 2011 /PRNewswire/ -- JetBlue Airways (Nasdaq: JBLU) unveils Go Places on Facebook, a unique application that rewards customers with TrueBlue points and special discounts so they can earn free trips faster.
It gives them the adventures to go places that I would not have been able to in my lifetime,'' Reyes said.