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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 ?
However, in a trading update to investors, Go-Ahead said underlying bus revenues were up 5% since July after a 3% jump in passenger journeys.
Go-Ahead said: "We are a highly-experienced rail operator with a proven ability to deliver passenger improvements.
Go-Ahead operates the South Central service - formerly run by Connex - as a joint venture and said yesterday that it was close to securing a new seven-year franchise with the Strategic Rail Authority.
Go-Ahead is the only smaller independent train operator indicating it was the Newcastle-based firm that had been considered.
Via-Cariane, a subsidiary of French group SNCF, said it was considering its options regarding Go-Ahead, which included 'the possibility of a counter proposal being made to Go-Ahead's shareholders'.
Contreras, who finished with 302 yards on 30 carries, finally seemed contained when he hobbled off the field with a sore right shin on Sylmar's go-ahead scoring drive.
The decision by the Government was not a huge surprise and Newcastlebased Go-Ahead should be able to move on this week when it issues a trading update.
Go-Ahead, operator of Thames Trains - one of the companies involved in last year's Paddington rail disaster - said C3D, which launched a pounds 326 million bid for the group in July, did not understand the business.
Omari Mack (11 carries, 70 yards) scored the go-ahead touchdown on a 19-yard run late in the third quarter.
BUS and train giant Go-Ahead has lost its bid to run the Greater Anglia rail franchise.
Bus and train group Go-Ahead yesterday rejected a pounds 326 million takeover bid from a French consortium to buy the Thames Train operator - one of the services involved in last year's Paddington rail crash.
Moorpark officials got the go-ahead Wednesday to begin annexing land for the controversial 3,221-home Hidden Creek Ranch project when the 4,322-acre site was placed under the city's planning jurisdiction.