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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 ?
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.
Jennifer Allen of Mexico City has been named the winner of Southern New Hampshire University's Go-Getters Challenge, a two-month campaign to award one contestant a free Global MBA.
After classifying Permian animal species as active go-getters or passive couch potatoes, the team went back to the database to see which sea animals would likely have died.
WHEN the new season of The Apprentice started many predicted people would no longer watch a show about go-getters in pinstripes because the recession had revealed go-getters in pinstripes to be avaricious, incompetent losers.
Running a Business with Ambition will provide a forum to help new and aspiring business go-getters, particularly in the early stages of trading.
As his movement grew to a cult-like following across the south and into the Mid-West, Watts enlisted a team of proven go-getters to aid him in his vision- co-CEO G.
Tribella Realty is innovative, cutting edge and full of go-getters ready to help Dallas/Fort Worth home buyers find the perfect house or investment.
I am delighted to be joining such a talented team of entrepreneurs and go-getters," said Mr.
It's all there - the palm trees, the porn industry, the Malibu beaches, the endlessly sprawling blanket of nighttime lights, the flakes, the go-getters, the opportunists and, yes, the Achievers.