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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 ?
All three winners will receive over $1,200 in cash and prizes and have the opportunity to represent the GO Network GO-Getters program in their hometowns.
The three GO Network GO-Getters selected represent people constantly on the go, able to accomplish multiple tasks at once while still finding time to enjoy life and GO Network wants to acknowledge their accomplishments.
People interested in additional information about GO Network's GO-Getters search and the winners can log onto http://promotions.
Personal Assistant to the stars, LeeAnn Heck, will serve as the Ambassador of the GO Network GO-Getters program.
As a personal assistant, I have been up against some tight deadlines and learned how useful the Internet is in finding things fast," said LeeAnn Heck, Ambassador of the GO Network GO-Getters program.
Management and nonmanagement go-getters are those employees who regard gainsharing as a positive change that is beneficial to the organization and/or themselves.
Go-getters emphasize the positive aspects of gainsharing and encourage the fence-sitters to become more involved and join their coalition; opponents emphasize the negative aspects of gainsharing and discourage the fence-sitters from participating in gainsharing activities.
The long-term stability of the gainsharing intervention depends on whether management and nonmanagement go-getters, fence-sitters, and opponents believe that the intervention fulfills their sometimes conflicting interests.
There were token black, gay and Irish characters, including one thoroughly irritating all-seeing/all-knowing observer whom the thrusting go-getters pretended to envy.
Initially, ``Hitch'' deftly avoids romantic-comedy cliches by inventing some clever ways for go-getters Hitch and Sara to interact without resorting to the emotional constipation that typically plagues the lovelorn in these movies.
Early on, Stone takes pains to establish that many of the kids who founded the SLA were actually bright students, go-getters, who saw themselves as patriots protesting the actions (Vietnam, Kent State, etc.
A great smile has become the latest must-have accessory for today's go-getters.