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Related to go to the wall: raring to go

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 ?
AS MORE and more businesses go to the wall, petrol retailers across the West Midlands have called an urgent meeting with Caroline Spelman, MP for Meriden, to mastermind new remedies to the increasing problems they face.
Specter told the gathering that the two "went to the wall" to secure the federal grant, and that "we're prepared to go to the wall again and again and again.
PORT Vale chairman Bill Bratt fears the club could go to the wall if fans do not invest pounds 200,000 by the end of December.
Officials at Hexham's racecourse fear recommendations by the Office of Fair Trading could see it go to the wall.
If they go to the wall, high street stores such as House of Fraser and Jenners - owned by Iceland's Baugur Group - could be affected.
Not only will Nissan go to the wall, but so will all those other factories who supply them.