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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 ?
She said she was somewhat surprised by the statements "because the tenor of them goes against what our ecumenical colleagues in the Vatican are saying.
It goes against the conservative grain, and yet, that's exactly what some Republicans are clamoring for, returning more money in the form of huge tax cuts.
The complaint contends that once Washington ended the relationship with Stein, he told WMA management that Washington would make a bad agent, which goes against her performance reviews.
Former Rio Mesa High and Stanford star Bob Bryan faces Alex O'Brien, and Eagle Rock's Cecil Mamitt goes against Jerry Szymanski today in the semifinals of the drkoop.
10 ERA) goes against the Royals, who are making their last appearance of the year in Anaheim.
Matchup: The Angels' Steve Sparks (0-0) goes against the Rangers' Bobby Witt (5-3, 7.