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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 ?
If one server goes down, its traffic is automatically routed to the other server.
Mylex's Cluster Kit incorporates specialized termination configuration technology that prevents terminators from failing when a server in the cluster goes down.
Kieran Culkin has family issues in ``Igby Goes Down.
It's a pretty sizable craft, and when it goes down there's not going to be much you can put back in the air,'' Stufflebeem said.
Every time a plane goes down - be it a jumbo jet carrying 200 or more passengers or a small propeller plane with two or three people aboard - the news grabs our attention, for we share a fear of flying to one degree or another.
When programs like this are in place, your truancy goes down, gang trouble goes down and teen pregnancy goes down,'' he noted.