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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 ?
As long as it is not harmful or goes against my limits or beliefs, I'll go along with the patient," he says.
Kerry, who claim to be in good standing with the church despite advancing policy that goes against the church's dogma on certain social issues.
According to Ridge "it goes against our instincts as a country to empower the military with the ability to arrest.
But if prayers are recited before games, this forces students to participate even if it goes against their beliefs.
London's move angered religious leaders, who say homosexuality goes against the grain of the deeply religious and socially conservative islands.
Huang, a student of gesturalism as well as field painting, goes against the unrestrained spontaneity of the former and the transcendence of the latter-not only refining his response into elegance, but using these devices to restore credibility to the idea of the numinous.