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Related to go to town: hit town, so much for, worse for wear

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 ?
The day after the little conversation at Chatham barracks, young Osborne, to show that he would be as good as his word, prepared to go to town, thereby incurring Captain Dobbin's applause.
Hampered by this new and unexpected feeling, his attempts to be pleasant fell flat and he lapsed into his old grimness, while Rose, eating quickly, confined her remarks to her determination to go to town in search of a job.
It gives her and others independence to be able to go to town on their own if they wish.
KINGSTON CAN GO TO TOWN Andrea Atzeni can steer the colt to Group 1 glory in the RP Trophy
It means I can go to town and get out of the house.