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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 ?
Go-Ahead is the North East's third largest company by turnover with annual income of PS3.
Go-Ahead currently generates an annual return of PS70m from a fleet of around 4,600 buses.
Go-Ahead also outlined fuel cost saving schemes to help minimise fare rises and plans to roll out new technology on its buses to help monitor driver efficiency.
A part from some negative effects associated with the increasing fuel prices, what we are seeing is that rather than denting the business, our performance has remained strong," said Jim Boyd, corporate affairs director for Go-Ahead.
Go-Ahead, which operates the Southern, Southeastern and London Midland rail franchises, said the bus unit's half year profits were now expected to be slightly ahead of last year's haul of pounds 31.
TYNESIDE transport giant the Go-Ahead Group is entering the German rail market after being awarded contracts to operate train services in a deal worth PS1.
Go-Ahead is currently trying to fight off a 650p-a-share hostile bid from another French group, C3D, after rejecting their 800p-a-share offer last week.
If we had not been given the go-ahead for standing again, we could not afford to put the extra seats in and, in addition, it would have also reduced our capacity considerably by 4,000 or 5,000 spectators.
Light railway systems are a deeply unpopular concept around the corridors of Whitehall at the moment, and there will be genuine delight behind the scenes at Merseytravel that the money that was fundamental to this project getting the go-ahead has been forthcoming.
THE Scottish Premier League last night gave top-flight clubs the go-ahead to play this weekend.
A coalition of community groups filed a motion last week to appeal the court ruling giving the go-ahead to several stalled development projects in Manhattan.
David Brown, group chief executive of Go-Ahead, said: "Overall trading performance has been satisfactory and our full-year expectations for both bus and rail operations remain unchanged.