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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 ?
Marketing: $30,000 will go towards spreading the word of NaVia and customer satisfaction.
Slightly more than 1 percent of income tax revenues go toward science-related programs.
The money raised will go towards the work that RNIB do right across the UK providing support and services for blind and partially sighted people.
Tracy, 39, an operator for Tetley Tea, said: "The money will go into the fund and go towards alarm beds for the children and it will go towards research.
VFF president Andrew Broad says that money should go towards the creation of better rail freight infrastructure.
So about pounds 7 from every TV licence in Wales would go towards S4C.
Another part of the investment is expected to go towards reemploying some of the 42 staff previously made redundant.
The money raised will go towards Barnardo's early work with toddlers in services for children with disabilities, young carers, or parents who need a helping hand.
Qatar Foundation's vice-chairman, Dr Saif Al Hajari, said, 'QAR1m will go towards the Student Scholarship fund to assist students at Qatar Foundation and another QR1m will go towards Dar Al Dhiyafa project.
1 million will go towards increased programs that deals with language and university preparation.
Funding from NYSERDA will go towards green and sustainable features that will help the environment and save money over the long-term.
Most of the money would go towards children's educational development, paid leave for parents and the provision of more childcare options.